President Tebboune Champions Economic Transparency and Growth: Over 9,400 Investment Projects Launched in 14 Months

BY: Dr. Hana Saada  

Algiers, Algeria | October 30th, 2024 — In an emblematic speech delivered during his state visit to Oman, Algerian President Abdelmadjid Tebboune highlighted Algeria’s robust new investment climate, one marked by transparency, national integrity, and dynamic growth potential. With a firm commitment to propelling economic advancement and creating opportunities, President Tebboune unveiled a monumental achievement—9,400 investment projects have been launched within a span of 14 months, a feat that underscores his administration’s dedication to facilitating economic growth through strategic partnerships and streamlined governance.

President Tebboune emphasized that Algeria’s investment environment has evolved to eliminate bureaucratic obstacles. He noted that investors no longer face lengthy procedures, stating, “Anyone who wishes to invest does not need to go through a mayor, district chief, governor, or minister. My commitment, made on the day of my constitutional oath, was to enable every Algerian, whether at home or abroad, to invest in the development of our nation freely.” This commitment to a streamlined process represents a fundamental shift toward fostering a more efficient, transparent, and business-friendly environment.

The president further stressed the inclusive and collaborative vision underpinning Algeria’s economic agenda. By partnering with reputable, patriotic investors, President Tebboune aims to ensure not only profitability but also the collective success of the nation. The fruits of this agenda are already tangible: with each investment project, Algeria gains access to new job opportunities, increased hard currency flow, and heightened global competitiveness.

President Tebboune’s administration remains ambitious, targeting the initiation of 20,000 investment projects across various sectors. With his proactive and nationalist approach, he has positioned Algeria as a burgeoning hub for innovation and sustainable growth, keen to engage with investors who share a commitment to both profitability and national progress. Through this significant reform, Algeria’s economic transformation is poised to generate lasting benefits for its people and to solidify its position as a key economic player in the region.

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