Algeria: President Tebboune leads economic reforms with a focus on public-private partnerships
On Sunday, January 7, 2024, the President of the Republic, Supreme Commander of the Armed Forces, Minister of National Defense, Abdelmadjid Tebboune, presided over a Cabinet meeting focused on crucial subjects for the economic development of Algeria. The Cabinet session featured in-depth discussions on the draft law concerning public-private partnerships (PPPs).
President Tebboune, recognizing the importance of revitalizing the national economy, led discussions on this major initiative aimed at boosting investment and fostering the development of essential infrastructure.
During the meeting, a detailed presentation was made on the ambitious project to construct a new oil refinery in Hassi Messaoud.
This strategic initiative aims to enhance the country’s production capacity, create local employment opportunities, and stimulate revenues related to the oil industry.
Another highlight of the meeting was the launch of the self-entrepreneurship initiative.
The government, under President Tebboune’s leadership, acknowledges the crucial importance of small businesses in economic growth.
This initiative aims to encourage individual entrepreneurship by simplifying administrative procedures and providing tailored support.
The January 7, 2024 Cabinet meeting reflects President Abdelmadjid Tebboune’s firm commitment to the economic revitalization of Algeria.
Initiatives such as public-private partnerships, the refinery project in Hassi Messaoud, and support for self-entrepreneurship illustrate a strategic vision aimed at diversifying the economy, stimulating job creation, and strengthening Algeria’s position on the international stage.
Neil Camara
