Latest updates from the Algerian business ecosystem
Constantine - The Minister of Public Works and Infrastructure, Abdelkader Djalawi, today Thursday inspected the Eastern Mining Railway Project in its section located in the provinces of Annaba and El Tarf.
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Khelil - The Minister of Public Works and Basic Infrastructure, Abdelkader Djaloui, today Thursday in Khelil, inspected the construction sites of four (4) giant bridges and an underground tunnel as part of the project to dualize, correct, and modernize the eastern railway mining line linking the provinces of Annaba and Tebessa, over a distance of 422 km.
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The Minister of Public Works and Infrastructure, Abdelkader Djaloui, today Thursday inspected the Eastern Mining Railway Project in its section located in the provinces of Annaba and El Tarf. After reviewing the progress of the expansion project of the Annaba phosphate port accompanied by the governor Abdel Karim Laamouri, Mr. Djaloui assessed the progress of the railway installation works at the El Hadjar station, emphasizing the need to maintain the pace of work and enhance efforts to ensure the project is completed within the specified deadlines.
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The International Monetary Fund estimated Algeria's GDP for 2026 according to the purchasing power parity standard at $915 billion, with expectations that it will exceed the $1 trillion mark by 2029, making it one of the four largest economies in the Arab region and on the African continent.
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The Minister of Tourism and Traditional Industry, Houria Medahi, today Thursday, made a working visit to the state of Tissemsilt, during which she inspected several projects related to the sector and oversaw the inauguration of others. The minister began her visit with a presentation by the Director of Tourism and Traditional Industry of the state, Khamissi Machouk, on the project to develop the tourist expansion area in Sidi Ben Tamra in the municipality of Tissemsilt, which extends over an area exceeding 46 hectares, and includes 11 land parcels designated for the implementation of investment projects that are expected to provide more than 870 job positions upon entering into service.
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The World Bank has raised its growth forecast for the Algerian economy for the year 2026, noting that Algeria is an exception in the Middle East and North Africa, Afghanistan, and Pakistan. In its latest report on the economic situation in the Middle East and North Africa, Afghanistan, and Pakistan, published on its website, the World Bank expects the real GDP growth of Algeria to reach 3.7 percent, an increase of 0.2 percentage points compared to its estimates released last January (3.5 percent).
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Algeria - Local authorities across various provinces continue to take a series of measures and field procedures aimed at ensuring the readiness of the facilities designated for receiving and gathering imported sacrificial animals, as part of the ongoing preparations for Eid al-Adha, according to a statement from the Ministry of Interior, Local Communities, and Transport issued today, Thursday.
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The National Oil Corporation, state-owned in Libya, announced a new oil and gas discovery from the exploratory well A1-69/02 in the Ghadames Basin in collaboration with SONATRACH, recording a daily production of 13 million cubic feet of gas and 327 barrels of condensate. The well is located 70 kilometers from the Al-Wafa field and was drilled to a depth of 8,440 feet, extracting resources from the Ouinat Wanin and Ouin Kazza layers. Read the full content on Echourouk Online.
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The semi-annual report of the African Development Bank titled “Macroeconomic Performance in Africa and Its Future Prospects” classified Algeria among the best-performing countries on the continent, with its economy recording a growth of 3.3% in 2025 after 3.6% in 2024, with expectations of accelerating growth to reach 3.9% in 2026 and 4.0% in 2027. The report indicated an improvement in the inflation rate, expecting it to average 2.8% during the period 2026-2027, reflecting the effectiveness of monetary policy and the stability of domestic prices. Read the full content on الشروق أونلاين
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The Ministry of Foreign Trade and Export Promotion announced on Thursday Algeria's participation in the International Food Salon 'TUTTOFOOD', scheduled to be held from May 11 to 14, 2026, at the exhibition center in Milan, Italy. The ministry stated in a statement that the salon is one of the most prominent international events in the food industry sector and a bridge to enhance trade exchange and innovation in this field. Read the full content on Echourouk Online.
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The professional exhibition for food industries "Ghazagro 2026" is organized for the twenty-third edition, from April 12 to 15, at the Exhibition Palace in Algiers.
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The Minister of Public Works and Infrastructure, Abdelkader Jlaoui, inspected the progress of the expansion project of the Annaba phosphate port currently under construction on Thursday, according to a statement from the ministry.
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