
Massive investments by SNTF exceed 378 billion dinars by 2040 to enhance passenger and freight transport equipment - Iqtissad Al Balad
The economy of Algeria aliqtissad dz Algeria economy news
Foreign direct investment, capital flows, and investment climate

The economy of Algeria aliqtissad dz Algeria economy news

The Director of Management Control and Contributions at the National Railway Transport Company 'SNTF', Soufiane Aibach, revealed that the company has a massive investment project estimated at 378 billion Algerian Dinars, equivalent to about €2.469 billion. In a statement to Algerian radio this Monday morning, Aibach confirmed that the company transported nearly 31 million passengers in 2025, managing approximately 93,640 passenger train trips, while the company also operated 18,000 freight trains this year, allowing for the transport of 5.4 million tons.

The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Aqrab, is on a working visit today, Monday, to review the latest developments in the activities of the SONATRACH group, particularly monitoring the exploration and research project at the oil field in the Kafra area, as part of enhancing the group's presence and supporting its strategic projects. According to a statement from the relevant ministry, the visit is part of efforts to assess the progress of the exploration and research project being implemented by SONATRACH at the oil field in the Kafra area in northern Niger, as well as to review various technical and organizational aspects related to the project. View the full content on Echourouk Online.

The Minister of State, Minister of Hydrocarbons and Mines, Mohamed Aqrab, is on a working visit today, Monday, to review the latest developments in the activities of the SONATRACH group, particularly monitoring the exploration and research project at the Kafra oil field, as part of enhancing the group's presence and supporting its strategic projects. According to a statement from the relevant ministry, the visit is part of efforts to assess the progress of the exploration and research project being implemented by SONATRACH at the Kafra oil field in northern Niger, as well as to review various technical and organizational aspects related to the project. View the full content on Echourouk Online.

To finance the public treasury and stimulate the market.

The public treasury announced today, Monday in a statement, the official launch of the subscription process for the sovereign sukuk 'Ijara - Right of Use', starting from tomorrow, Tuesday, emphasizing that this process is part of a vision aimed at diversifying the state's funding sources and mobilizing national savings.

Libya signed, the day before yesterday, a 25-year oil development agreement with the French TotalEnergies and the American ConocoPhillips.

Algeria - The assets of 'Plastic Algeria Components' PAC in Tissemsilt have officially been transferred to the portfolio of the Algerian Holding Company for Chemical Specialties Holding ACS, as part of a process to recover and enhance properties confiscated by public authorities and reintegrate them into the national economic fabric, according to a statement from the company on Sunday.

The president of the state-owned oil giant in Venezuela (PDVSA), Hector Obriquon, stated that Venezuela is seeking to increase its oil production by 18% this year through planned reforms that will open the sector fully to private investors. Hector Obriquon added: “We had a law... that was not in line with what we need as an industry,” noting that the goal for 2026 “is growth ...

We have established a five-year strategy containing about 40 projects. We have a special affection for the Algerian people and welcome investors. The war has affected previous cooperation agreements, and we seek to activate them. Investments will be in free zones subject to global, not local, laws. The war will end soon, and we can export sheep safely. We provide organic and high-quality products, which is why their prices differ at a time when Algeria is moving towards diversifying its sources and strengthening sustainable strategic partnerships in the livestock sector. The Sudanese side shows increasing interest in developing cooperation with Algeria based on mutual benefit and the integration of interests. Read the full content on الشروق أونلاين.

The Algerian pavilion recorded significant professional interest from international tourism professionals during the third day of the International Tourism Fair 'FITUR Madrid', culminating in a series of professional meetings between Algerian tourism operators and their foreign counterparts, reflecting the growing interest in the Algerian tourist destination and the investment opportunities it offers. According to the National Tourism Office, this strong presence comes in the context of enhancing regional and international cooperation, as the Algerian pavilion welcomed a delegation from the Mauritanian National Tourism Office, which extended an official invitation to the Algerian National Tourism Office to participate in the first edition of the International Tourism Fair in Mauritania, in a step that reflects ...

Today, Sunday, the assets of 'Plastic Algeria Components' in Tissemsilt were officially transferred to the portfolio of the Algerian Holding Company for Chemical Specialties. This was part of a process to recover and value the assets seized by public authorities and reintegrate them into the national economic fabric. According to a statement from the 'Algerian Chemical Specialties' company, the operation took place on Saturday in the presence of the CEO, Samir Yahiaoui.