BY: Hana Saada
ALGIERS- The President of the Republic, Mr. Abdelmadjid Tebboune, graced the Abdelatif-Rahal International Conference Center (CIC) in Algiers on Tuesday to preside over the grand opening of the inaugural edition of the Medal of Honor for Export.
Under the captivating theme of Commitment, Achievements, and Prospects, this momentous event aims to recognize and reward the exceptional exporters who have demonstrated excellence over the past three years. Furthermore, it serves as a platform to showcase Algeria’s progressive new policies in fostering and promoting non-hydrocarbon exports.
Distinguished government officials, esteemed members of the government, esteemed representatives of professional associations, and esteemed leaders of both public and private enterprises were all present to partake in the illustrious opening ceremony.
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President Tebboune Forecasts Algeria’s Non-Hydrocarbon Revenue to Surpass $13 Billion
In his opening address, President Tebboune announced the imminent establishment of a high council for exporters, aimed at fostering and promoting exports, especially to African nations.
President Tebboune emphasized that the introduction of a new air transport route connecting Algeria to various African countries is a key component of the government’s comprehensive strategy to bolster exports, particularly in the agricultural sector.
Furthermore, the President assured that Algeria’s non-hydrocarbon exports are poised to soar to an impressive $13 billion in the near future.
President Tebboune’s forward-looking vision underscores Algeria’s determination to unlock its vast potential beyond the hydrocarbon sector. By expanding and strengthening other industries, the nation aims to foster sustainable economic development, create employment opportunities, and enhance its global competitiveness.
Algeria’s pursuit of economic diversification is a strategic response to the challenges posed by fluctuating oil prices and the need to adapt to a rapidly changing global landscape. By reducing its dependence on hydrocarbons, the country aims to build a resilient and robust economy that can withstand external shocks and ensure long-term prosperity for its citizens.
The President’s optimistic outlook is supported by the government’s ongoing efforts to attract foreign investment, promote entrepreneurship, and foster innovation. These initiatives, coupled with Algeria’s abundant natural resources, strategic geographic location, and a young and dynamic workforce, position the country as an attractive destination for business and investment.
Furthermore, Algeria’s commitment to economic diversification is complemented by a comprehensive reform agenda aimed at improving the business environment, streamlining bureaucracy, and enhancing transparency.
