Arab Today, arab today rebuilding industrial capacity in algeria
Last Updated : GMT 10:54:50
Arab Today, arab today
Arab Today, arab today

Rebuilding industrial capacity in Algeria

Arab Today, arab today

Arab Today, arab today Rebuilding industrial capacity in Algeria

Industrial capacity in Algeria
Algiers - APS

The Government seeks to develop industrial investment in order to diversify national economy and reverse deindustrialization, which is affecting our economy especially with the drop in oil prices.

Economic investment will be high on the agenda of the Government-Walis (governors) meeting, to take place in Algiers on Saturday.

The meeting, which will be chaired by Prime Minister Abdelmalek Sellal, aims at "creating new opportunities for the development of national economy and investment."

The main objective of the national economic development policy is to increase the contribution of the industrial sector in the national economy and encourage the emergence of viable and productive companies that can meet quality requirements in the domestic and foreign markets.

The State intends to invest in industries based on natural resources like iron and steel, as well as petrochemicals, pharmaceutical products, building materials, mechanical engineering, textile and food-processing.

To that end, the Government has taken several measures to further encourage productive investment, particularly in the strategic fields.

These measures are relating to access to industrial land, tax exoneration for investors and incentives for the creation of new companies.

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