President of Algeria Calls for Business Mobilization: “Our Goal is $400 Billion GDP by 2027”
On April 14, 2025, the President of Algeria, Abdelmadjid Tebboune, held a major meeting with representatives of the country’s business community at the International Conference Center in Algiers. The Head of State presented his economic vision for the coming years, emphasizing his commitment to continue reforms and open a new chapter in the development of the national economy.
“This meeting is a turning point. It will take place every year, insha’Allah,” declared the President in his opening address.
Strategic Goals and Challenges
The President outlined a clear national objective:
“We are entering the second presidential term with the hope that together we can reach the level of emerging economies.”
“We all — both those present here and those abroad — must mobilize to achieve a Gross Domestic Product of 400 billion dollars by the end of 2027,” he emphasized.
Investment and Industrialization
The Head of State provided concrete figures:
“We have registered 13,700 investment projects worth 6 billion dinars.”
He added:
“I am asking you for a powerful economic push, and I thank you for everything you are already doing.”
He highlighted the importance of industry for economic growth:
“Development is achieved by increasing the share of industry in GDP to 13–14%.”
End of the ALGEX Era and New Export Structure
The President announced structural changes:
“The era of ALGEX is over. You will no longer encounter it along your path.”
He stressed the need for a new system:
“Exporters must establish a dedicated body that will organize their activities and ensure transaction transparency.”
Cleansing the Business Environment and Focusing on Youth
“We must create a new environment for industry and a new generation of entrepreneurs who will make us forget the painful past filled with theft and corruption.”
“We need to rely on young people and startups — they have clean hands and are already achieving results we can be proud of.”
“Anyone who fears prison and sabotages their work is thinking like a corrupt and destructive element.”
Imports, Finance, and the Parallel Economy
“The state does not speculate on land sales for investment. On the contrary — it facilitates access to them to speed up project implementation.”
“We must liberate investment initiative. We need to understand how the ‘one-stop shop’ system works and what powers the Investment Promotion Agency (API) holds.”
“It is shameful for the President of the Republic to discuss the price of potatoes. No one will force me to import them.”
“Huge sums of money are kept in basements — invest them in the creation of private banks.”
Achievements and the International Dimension
“We saved $1.2 billion and achieved 81% self-sufficiency in durum wheat.”
“There are those who want to see Algeria only in a negative light… we have no remedy that will remove that veil from their eyes.”
“If international financial institutions had found even one gap in our figures — they would have been the first to accuse us.”
“We exported $7 billion outside the oil and gas sector, despite the existence of ALGEX and its ‘dinosaurs’.”
“European partners have accepted the idea of revising the Association Agreement. You are an integral part of this process.”
Comment from the Russia-Algeria Business Council (RABC):
The Russia-Algeria Business Council welcomes the initiatives aimed at industrialization, improving the business climate, reforming export mechanisms, and supporting youth entrepreneurship. These steps create favorable conditions for deepening bilateral business cooperation.
On April 14, 2025, the President of Algeria, Abdelmadjid Tebboune, held a major meeting with representatives of the country’s business community at the International Conference Center in Algiers. The Head of State presented his economic vision for the coming years, emphasizing his commitment to continue reforms and open a new chapter in the development of the national economy.
“This meeting is a turning point. It will take place every year, insha’Allah,” declared the President in his opening address.
Strategic Goals and Challenges
The President outlined a clear national objective:
“We are entering the second presidential term with the hope that together we can reach the level of emerging economies.”
“We all — both those present here and those abroad — must mobilize to achieve a Gross Domestic Product of 400 billion dollars by the end of 2027,” he emphasized.
Investment and Industrialization
The Head of State provided concrete figures:
“We have registered 13,700 investment projects worth 6 billion dinars.”
He added:
“I am asking you for a powerful economic push, and I thank you for everything you are already doing.”
He highlighted the importance of industry for economic growth:
“Development is achieved by increasing the share of industry in GDP to 13–14%.”
End of the ALGEX Era and New Export Structure
The President announced structural changes:
“The era of ALGEX is over. You will no longer encounter it along your path.”
He stressed the need for a new system:
“Exporters must establish a dedicated body that will organize their activities and ensure transaction transparency.”
Cleansing the Business Environment and Focusing on Youth
“We must create a new environment for industry and a new generation of entrepreneurs who will make us forget the painful past filled with theft and corruption.”
“We need to rely on young people and startups — they have clean hands and are already achieving results we can be proud of.”
“Anyone who fears prison and sabotages their work is thinking like a corrupt and destructive element.”
Imports, Finance, and the Parallel Economy
“The state does not speculate on land sales for investment. On the contrary — it facilitates access to them to speed up project implementation.”
“We must liberate investment initiative. We need to understand how the ‘one-stop shop’ system works and what powers the Investment Promotion Agency (API) holds.”
“It is shameful for the President of the Republic to discuss the price of potatoes. No one will force me to import them.”
“Huge sums of money are kept in basements — invest them in the creation of private banks.”
Achievements and the International Dimension
“We saved $1.2 billion and achieved 81% self-sufficiency in durum wheat.”
“There are those who want to see Algeria only in a negative light… we have no remedy that will remove that veil from their eyes.”
“If international financial institutions had found even one gap in our figures — they would have been the first to accuse us.”
“We exported $7 billion outside the oil and gas sector, despite the existence of ALGEX and its ‘dinosaurs’.”
“European partners have accepted the idea of revising the Association Agreement. You are an integral part of this process.”
Comment from the Russia-Algeria Business Council (RABC):
The Russia-Algeria Business Council welcomes the initiatives aimed at industrialization, improving the business climate, reforming export mechanisms, and supporting youth entrepreneurship. These steps create favorable conditions for deepening bilateral business cooperation.
