Algerian Radio
The Minister of Domestic Trade and National Market Regulation, Amel Abdellatif, oversaw this Saturday the opening of the economic symposium themed "Algeria: Foundations, Reforms, and Opportunities for a Value-Generating Economy," organized in coordination with the Algerian Economic Renewal Council (CREA) and the SAFEX Group, on the sidelines of the 57th edition of the Algiers International Fair.
The symposium was attended by the Minister of Foreign Trade and Export Promotion, Professor Kamel Rezig, the Director General of the Algerian Investment Promotion Agency (AAPI), Omar Rekkache, and the President of the Algerian Economic Renewal Council, Kamel Moula, alongside the Director General of the Algerian Chamber of Commerce and Industry (CACI), Chakib Kouidri, as well as senior officials from various ministerial sectors, heads of economic enterprises and conglomerates, and representatives of economic bodies. The event served as a platform for dialogue and the exchange of visions on ways to enhance the competitiveness of the national economy and capitalize on investment opportunities in Algeria.
In her opening address, the Minister emphasized that the organization of this symposium comes amid a rapidly transforming international economic context, characterized by the restructuring of global value chains, the acceleration of digital transformation, and intensifying competition to attract investment and innovation. She noted that Algeria, under the leadership of the President of the Republic, Mr. Abdelmadjid Tebboune, has adopted an ambitious reform path aimed at building a diversified and competitive economy based on production and the creation of wealth and added value.
Amel Abdellatif highlighted that in recent years, Algeria has achieved comprehensive structural reforms that encompassed updating the legal framework for investment, improving the business climate, modernizing the administration, digitalizing services, and reforming the financial and tax systems, thereby enhancing investor confidence and establishing the principles of transparency and efficiency.
The Minister also reviewed the strategic assets that Algeria possesses, foremost among which are its distinguished geographical location, its modern infrastructure, its qualified human capital, the scale of its national market, and its natural resources. She emphasized that these advantages position Algeria as a promising regional platform for production and investment, and a reliable economic partner bridging Europe and Africa.
Furthermore, Abdellatif touched upon the efforts being made to strengthen the quality and compliance system in accordance with international standards, accelerate the pace of digital transformation, develop electronic payment methods, and encourage innovation and startups, considering them essential factors for increasing productivity and enhancing the competitiveness of the national economy.
It is worth noting that the symposium's proceedings were divided into two main themes: the first was dedicated to reviewing the strategic assets of the Algerian economy and the sectors with high potential for value creation, while the second theme addressed economic and institutional reforms and their impact on improving the business climate and boosting investment attractiveness.
The presentations also highlighted the promising opportunities offered by the sectors of manufacturing, food processing, chemical industries, pharmaceutical industries, logistics, digital services, and export activities. This comes in light of global transformations related to diversifying supply chains and nearshoring industrial activities, alongside the competitive advantages Algeria provides that qualify it to benefit from this international trend.
At the conclusion of the proceedings, the participants emphasized that the reforms initiated by Algeria, supported by the economic and human assets it possesses, constitute a solid foundation for accelerating the pace of diversifying the national economy, enhancing its integration into regional and international value chains, and consolidating Algeria's position as an attractive destination for investment, production, and wealth-generating economic partnerships.
