Algerian authorities have laid the foundation stones for five major investment projects at the Bordj industrial zone in Mostaganem province, signaling a powerful acceleration in the country’s industrial transformation strategy.
Omar Rakkache, Director General of the Algerian Investment Promotion Agency, oversaw the groundbreaking ceremonies, telling dzwatch that Algeria has granted 29 licenses for industrial projects worth approximately 200 billion dinars ($1.5 billion) across two industrial zones in Mostaganem, as part of a national strategy to slash import bills and localize key industries.
The five projects will collectively create 1,721 direct jobs and span paper manufacturing, cardboard production, plastic and textile processing, and potato seed cultivation. Projects include FADERCO’s paper conversion plant, WARAK’s pulp and cardboard factory — the first in Africa to deploy Valmet DCT 2001S technology — and a sustainable recycling-based paper mill by Talas Papers Mills.
Since its establishment in 2022, the agency has attracted nearly 20 investment projects valued at approximately $67.5 billion across industry, mining, tourism, and services — a direct result of sweeping reforms enacted by President Abdelmadjid Tebboune to eliminate barriers facing domestic and foreign investors.
