
Industry Minister: Restarting Idle Industrial Units Requires Updating Production Tools
The Algerian economy news, latest news on the Algerian economy, business news in Algeria
Industrial production, factories, and manufacturing sector news

The Algerian economy news, latest news on the Algerian economy, business news in Algeria

Industry Minister Yahia Bashir stressed that the rebooting of industrial units recovered is a strategic option for the revival of the national industry, through the updating of production tools, improving management patterns, respecting quality and food safety standards, and linking these units to distribution networks and national markets, which enhances industrial and food security and ensures the creation of wealth and job opportunities.

The rapid recovery of commercial exchanges between Algeria and Spain is observed today very concretely in the nature of the exchanged goods.

In 2025, Algeria will be recorded as a turning point in its economic history, a period where the nation not only grew but also decisively freed itself from its previous reliance on hydrocarbon revenues. With the Gross Domestic Product reaching approximately $288 billion according to the International Monetary Fund, the economy showed immense strength. This was not just a year of growth, but a year of fundamental restructuring towards a productive, diverse, and sovereign economic model. Watch the full content on El Watan Online The post By Numbers and Facts: How Algeria Rebuilt Its Economic Model in 2025 appeared first on El Watan Online.

The professional training is a key element in keeping pace with major mining projects, particularly the Gara Djebilet mine, through the development of national expertise to meet the needs of the national market and the requirements of modern mining investment.

Minister of Pharmaceutical Industry, Dr. Wasim Quoidet, emphasized the sector's commitment to accompanying economic operators active in the pharmaceutical and medical supplies industry, encouraging them to localize their production locally, while working on diversifying the produced pharmaceutical forms and keeping up with global developments in this field, in addition to directing excess production towards export.

Minister of Industry, Yahia Beshir, confirmed today in Qalamata that reviving retrenched industrial units in the context of anti-corruption cases is not just a matter of reviving a stopped activity, but an integrated economic project.

The General Assembly of Sonatrach approved the annual budget for the group for the year 2026, as well as adopted the medium-term development plan for the period 2026-2030, aimed at enhancing exploration and production activities, as well as developing the manufacturing industries, particularly refining and petrochemicals, to meet the needs of the domestic market and support export capacities, according to a statement by the Ministry of Energy and Mines today, Thursday.

Despite investments made in recent years in various sectors, including agriculture and industry, Algeria continues to import large quantities of goods, which has a negative impact on the local economy.

Economy Disappointment: Algeria's Economy News

Economy Today, aliqtissad dz, Algeria Economy, Economic News

During the year 2023, most ministries committed to the distributed payment and exemption, with notable excesses recorded in some sectors, where the Ministry of Public Works and Basic Infrastructure committed five times the allocated financial ceiling, while the Ministries of Foreign Affairs, Health, and Justice exceeded the budget allocations by 0.24%, 6.37%, and 29.03% respectively. On the other hand, some ministries failed to utilize their allocated funds fully, such as the Ministry of Knowledge Economy and Emerging Institutions, the Ministry of Environment and Renewable Energy, and the Ministry of Postal Services and Telecommunications, while the Supreme Judicial Council recorded the lowest utilization rate among public bodies at 33.74%. Ministries of Public Works and Basic Infrastructure...