
76.5 Billion Dinars per Year: The Financial Shipwreck of Baladna
Under the veneer of a grand Sahara project, the Baladna project conceals a systematic mechanism for eroding the public treasury.
Foreign direct investment, capital flows, and investment climate

Under the veneer of a grand Sahara project, the Baladna project conceals a systematic mechanism for eroding the public treasury.

Algeria - The National Agency for Supporting and Developing the Contracting Sector, Nasda, has funded over 3500 projects since its reorganization in 2024, according to the agency's general manager, Belal Oushaasha, who spoke in Algiers on Wednesday.

Algeria - The Director General of the Algerian Agency for Investment and Promotion, Omar Rkach, highlighted in Algiers on Wednesday the importance of directing investment towards priority-producing people, which would increase national integration rates, create added value, and enhance the competitiveness of the national product.

Algeria - Participants at a seminar organized by the Algerian Agency for Investment Promotion highlighted the notable development seen in the national production fabric in various sectors over the past few years, stressing the need to boost this dynamism through the development of local production and increasing its competitiveness.

Algeria - Algerian State Minister, Minister of Energy and Mines, Mohamed Arkab, received today in Algiers the Executive Director of the Chinese Anton Group (ANTON), Peter Bi, and his accompanying delegation, who expressed the group's interest in strengthening its presence in Algeria through long-term projects and partnerships, according to a statement by the Ministry.

Algeria - A media day organized by the Algerian News Agency and the Algerian Agency for the Promotion of Investment was launched on Tuesday in Algiers. The event aims to highlight the role of national media in accompanying the national policy of investment and contributing to the promotion of Algeria as an attractive and competitive investment destination, and to enhance the attractiveness of its economy at both regional and international levels.

Algeria - The Algerian Agency for Investment Promotion has recorded over 19,000 approved projects, valued at 8,242 billion DZD (equivalent to $61 billion), since its inception in November 2022. According to its Director-General, Mr. Omar Rkach, the actual entry of projects into implementation has reached satisfactory levels.

Algeria - A high-ranking government delegation will head to Béchar Province today, Tuesday, to assess the progress of preparations for the major demonstration scheduled for early next year, marking the start of iron ore exploitation from the Gara Djebilet mine (Tindouf), as per the instructions of President Abdelmadjid Tebboune.

Béchar - The massive Western Mining Railway Project, which connects Béchar, Beni Abbes, Tindouf, and Garâa Djebilet over a distance of approximately 950 km, is one of Algeria's major achievements in 2025, as a real engine for national industry and economy.

VIENNA - The OPEC International Development Fund (OPEC Fund) has approved a joint financing program with the African Development Fund, affiliated with the African Development Bank, worth approximately $1 billion, aimed at providing easy financing for more fragile African countries from 2026 to 2030, according to a statement from the OPEC Fund.

Algeria - The participation of military industry institutions in the 33rd edition of the Algerian Production Exhibition highlights the sector's role as a vital backbone for the national economy, thanks to its continuous movement driven by innovation and continuous improvement.

Algeria - Minister of Industry Yahia Bashir chaired a working meeting with the Chadian Minister of Petroleum, Mines, and Geology, Ndalintouba Alex Ndam Njoya, in the presence of the State Minister, Minister of Energy and Mines, Mohamed Arkeb, and the State Secretary in charge of Mines, Krima Bekir Tafer, to discuss boosting bilateral cooperation.