Monday 24 February 2025 
A Council for Algerian Economic Renewal (CREA), a new employers’ trade union organization which aspires to contribute “actively” to Algeria’s economic transition, has been created on Saturday in Algiers, at the initiative of leaders of national public companies and private.
Gathered in a constitutive general assembly at the International Conference Center (CIC, Abdelatif-Rahal), the founding members of CREA elected the Director General of Venus Laboratories, Kamel Moula, as president for a term of three (03) years, announced Moula during a press conference sanctioning the assembly.
Twenty-nine (29) members of the executive bureau have been also elected during this constitutive general assembly, he added.
Public companies, private companies, start-ups and committed entrepreneurs have chosen to come together to create this new Council, because “aware of the existing opportunities for economic emergence” and “taking note of the firm will of the President of the Republic to establish a serene and attractive business climate and of its approach undertaken for the construction of an economically new Algeria”, explained the initiators of the CREA.
The CREA will strive to “become an important player in our national business community and a vis-à-vis, representing companies, strong and organized capable of establishing a permanent and constructive dialogue with the public authorities to offer Algerians employment, quality products and services as well as purchasing power, and raise the difficulties encountered by economic operators in the exercise of value creation”, they underlined.
CREA’s challenges will focus on “all sectors” participating in the construction of a strong economy, with, among other things, “strong and diversified agriculture and fishing guaranteeing Algeria’s food security and constituting a solid base for the agro-food industry, infrastructures and logistical means allowing operators to optimize exchanges, and a highly integrated, efficient manufacturing industry based on high added value”.
These challenges will also focus on “an innovation economy exploiting the full potential of young people ready to found start-ups and attack international markets, modern services and a banking system that meet the aspirations of Algerian operators and users, an energy mix making the best use of resources, particularly renewable ones, and a mining sector as a new pillar of exports and processing”.
The CREA will also be “a tool for promoting Algeria, thanks to quality partnerships in the world and the involvement of the national community established abroad”.