Tuesday 25 February 2025 
By: Hana Saada
ALGIERS– The President of the Republic, Mr. Abdelmadjid Tebboune, who managed in three years with his ambitious reform program and despite certain “unforeseen events”, to boost all-around investments with the aim of achieving economic recovery and installing genuine long-term economic stability and prosperity, would strike with an iron fist!
Indeed, President Tebboune would take “draconian” measures to nip the “culture of passivity” and the malignant tumor known as “bureaucracy”, which undermine the implementation of certain measures, from the bud.
President Tebboune is not satisfied with the rate of treatment, by the government, of many files, the very “elastic” deadlines, the “approximate” figures, as well as the unstudied decisions that “disrupt” the daily lives of citizens.
In this vein, the president did not, at any time, “order” the destruction of illicit occupied buildings. He rather ordered the component authorities to take the appropriate measures with a view to eradicating this phenomenon.
On another level, President Tebboune encouraged local production as our country enjoys significant technological capacities and human resources. He also rationalized the import operations with a view to protecting the national product and establishing a developed agricultural and industrial fabric, constituting the cornerstone of a solid national economy which guarantees the country’s national security in its global sense. He had never banned the import of all products. Instead, he demanded an end to anarchy and overbilling; a source of illegal transfers of large sums of foreign currency, which amount to billions of dollars. Reforms in the foreign trade sector have resulted in a reduction of the number of importers from 43,000 to 14,096, and at the same time an increase in the number of exporters from 200, mostly irregular, to more than 3,000 registered exporters, including 1,500 exporters carrying out effective export operations.
President Tebboune committed himself to building a strong, diversified, wealth-generating and job-creating economy capable of strengthening the country’s food security and protecting it from dependence on hydrocarbons. The new incentives and the updating of the legal framework for investments offer promising prospects in Algeria, resulting in a booming investment climate as President Tebboune vowed to make his tenure an economic era par excellence.
To conclude, New Algeria, under the far-sighted vision of President Tebboune, has experienced, during this period, half of which under the Coronavirus pandemic, significant development and radical transformations. Today’s Algeria can be proud of its pioneer position as a pivotal country. It is laying, as a strong energy partner for all the Mediterranean countries, the foundations of an intelligent industrialization and a modern agriculture.
Under the leadership of President Tebboune, Algeria has become an attractive country that is able to join the BRICS group. Eager to anticipate tomorrow’ big challenges, President Tebboune has never ceased to surprise us and the year 2023 will be full of good surprises.