BY: Hana Saada
ALGIERS – November 16, 2023- President Abdelmadjid Tebboune, in his closing speech at the Entrepreneurship Days hosted by CREA at the “Abdelatif Rahal” International Conference Center, outlined key strategies to foster continued economic dynamism. Addressing hundreds of business leaders, the President emphasized his vision for a new economy anchored in the growth of small and medium enterprises (SMEs).
President Tebboune articulated a forward-looking economic approach, underscoring the vital role of SMEs as drivers of innovation, employment, and economic resilience. His directive included specific instructions to Prime Minister Nadir Larbaoui and Minister of Knowledge Economy, Startups, and Micro-Enterprises Yacine El-Mahdi Oualid to actively support and protect startups.
New Economic Paradigm
In his address, President Tebboune detailed the principles of this new economic paradigm, emphasizing the centrality of SMEs in shaping Algeria’s economic landscape. The President’s vision aligns with global trends recognizing the pivotal role of small and medium-sized businesses in fostering innovation, job creation, and economic sustainability.
Strategic Directives
President Tebboune’s directives to accompany and protect startups indicate a commitment to creating an enabling environment for entrepreneurial endeavors. The President’s call for active support from the government underscores the significance of public-private collaboration in driving the success of startups.
Ambition to Lead in Startups
The President’s vision extends beyond national borders, with Algeria aspiring to be among the leaders in the international startup scene. This ambition reflects a strategic push to position Algeria as a hub for innovation and entrepreneurship on the global stage.
Empowering Entrepreneurs
President Tebboune’s emphasis on supporting startups and SMEs aligns with the broader efforts to empower entrepreneurs and drive economic diversification. By fostering a thriving ecosystem for small and medium enterprises, Algeria aims to not only bolster its domestic economy but also enhance its competitiveness in the global marketplace.
As Algeria charts its course toward economic transformation, the President’s vision places SMEs and startups at the forefront, acknowledging their pivotal role in shaping a resilient and innovative economic landscape.
