
SONATRACH: The big leap towards transformation
Algeria is preparing to take a decisive step in its economic diversification strategy thanks to a massive investment plan of
Foreign direct investment, capital flows, and investment climate

Algeria is preparing to take a decisive step in its economic diversification strategy thanks to a massive investment plan of

The decision concerns investment expenses for the programs of the Ministry of Public Works and basic infrastructure, providing an additional deadline for administrations to complete financial procedures and settle pending files in an effort to expedite the payment of dues to companies tasked with executing public projects. The government has approved a new measure to extend the deadlines for closing expenditure orders and issuing payment vouchers related to investment expenses under the Ministry of Public Works and basic infrastructure for the fiscal year 2025. This decision, which extends until March 29, 2026, aims to grant the relevant authorities an additional period to complete financial procedures and settle the dues of the concerned companies, as part of efforts ...

Algeria - The holding company 'GITEX' specialized in textile and leather industries is working on developing its footwear and leather branch through a series of projects, including launching new production units and reviving others, as part of a comprehensive investment plan aimed at increasing the public group's production capacity while diversifying products to enhance the local product's market share, according to the CEO of the group, Toufik Barkani.

The holding company 'Gitex', specialized in textile and leather industries, is working on developing the footwear and leather branch through a series of projects, including the launch of new production units and the revival of others, as part of a comprehensive investment plan aimed at increasing the production capacity of the public group while diversifying products to raise the share of local products in the national market, according to what was stated by the CEO of the group, Tawfiq Barkani. Barkani explained, in a statement to 'APS', that this involves implementing an investment program that includes launching a new production line for sports shoes and leisure shoes at the Akbou and Nqaous units to contribute to enhancing national footwear production and improving the competitiveness of the company's products.

The platform 'China Global South Project' published a report on the expansion of the Chinese 'Zhejiang Geely Holding Group' in the space sector in Africa, highlighting its projects in Algeria aimed at developing the local satellite industry and enhancing technological innovation. The report, which 'Echorouk Online' reviewed, indicated that the company, through its space arm 'Time Space Daoyu Technology Co', signed agreements with the Algerian Space Agency to establish a facility for satellite manufacturing in Algeria, in addition to developing a research and space applications center that brings together scientists, engineers, and local companies to develop services and technologies based on satellites, especially in the field of...

As part of the 'Algerian Bids 2026' tour.

The wilaya of Béjaïa hosted an important inter-ministerial visit dedicated to monitoring the mine project this Thursday.

Algerian oil production reached a new milestone in February 2026, achieving an increase of 6000 b/d. This is what

Africa does not suffer from a shortage of opportunities, but from a critical deficit in orchestrating its resources. This is the uncompromising observation.

A new Italian maritime transport giant has revealed its entry into the Algerian market in collaboration with the global container shipping company Maersk, through a new weekly maritime line connecting the islands of Sicily and Sardinia to Algeria. This addition joins a list of Italian shipping companies that have prioritized the Algerian destination in recent months, whether in the field of goods and commodities transport or even passenger movement. In this context, Italian media reported on Thursday that the announcement of this line came on the sidelines of an economic meeting in Sicily hosted by the Chamber of Commerce in the city of Messina, attended by economic institutions, logistics companies, and representatives from the maritime transport sector. The same sources indicated that the Giammoro dock in Sicily is preparing to...

The government wants to resolve the issue of economic land intended for investment. This important file for the acceleration of

According to forecasts, during the years 2026 and 2027, many development projects will be put into service.