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Algeria economic diversification and industrial recovery

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2026-08-10 17:23 UTC → 2026-08-19 16:07 UTC · added removed

Algeria is implementing a broad strategy to strengthen national sovereignty and economic diversification through 2030. The government aims to reduce hydrocarbon dependence by expanding manufacturing, mining, and tourism, while targeting significant renewable with specific targets to raise manufacturing to 12% of GDP and tourism to 3% of GDP. In the energy sector, the nation is leveraging solar potential to reach 15,000 MW of renewable capacity by 2035 and water is developing a national strategy for renewable hydrogen to serve domestic and European markets. Water security is also being prioritized through desalination. As part the construction of these economic efforts, desalination plants. To support industrial recovery, the state is focusing on the reactivation of industrial assets. The government has set working toward a deadline of December 31, 2026, deadline to reintegrate 139 industrial units previously seized in corruption cases back into cases. Minister of Industry Yahia Bachir noted that assets like the national economy. This process involves reallocating Safia cooking oil factory and the Khemis El-Khechna sugar refinery have already been transferred to public groups such as Agrodiv and Madar. A specialized agency and commission have been established to prioritize the reallocation of these assets to public companies companies. Furthermore, the government has announced an ambitious plan to preserve production capacities realize 20,000 investment projects by 2029. Led by Prime Minister Sifi Ghrieb, this roadmap focuses on a national census of economic land, digitizing land governance, and employment. legal sanitation to unlock underutilized spaces for economic opportunity.

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  1. 2026-08-19 16:07 UTC Algeria economic diversification and industrial recovery
  2. 2026-08-10 17:23 UTC Algeria economic diversification and industrial recovery

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