Aoun: Algeria is one of the most important potential suppliers of iron to Europe – Algerian Dialogue

The Minister continued, during his participation in a discussion session on “Mines and Mining” within the framework of a meeting dedicated to presenting the “Global Survey” study issued by the consulting office of PricewaterhouseCoopers (PwC Global Survey), saying, In addition to these qualifications, there are other privileges that the iron sector has benefited from. And steel in Algeria, such as the qualified workforce and the many active divisions that use iron and steel products. Mr. Aoun believes that the new road map for the industrial sector will allow the emergence of a new national ecosystem around iron, steel and mines through the retrieval, logistics, transformation and distribution divisions supported by the major industrial poles “Bellara”. “(Jijel Province), the “Al-Hajjar” complex (Annaba Province), and the Turkish company “Tosyali” complex (Oran Province). Mr. Aoun indicated that the sector “is on the right path towards raising its capabilities in order to supply the local industry in all its forms, the railway industry, cars and… Home electrical industry.” During his intervention in a discussion on investment and export on the same occasion, the Minister of Finance, Laziz Fayed, praised the “appropriate environment” for investment thanks to the 2024 Finance Law, which he described as “ambitious and stimulating,” which is reflected in the state’s expenditures for the revival of the national economy. Mr. Fayed stated in He said that “the Finance Law of 2024 abolished the tax on professional activity, which highlights the will of the public authorities to accompany institutions and rebuild confidence,” stressing that “only institutions can create wealth.” The Minister also praised the growth rate of the national economy in 2023, which amounted to 4.1 percent. , which he considered “one of the best ratios in the Mediterranean basin,” noting that the gross domestic product will reach 400 billion dollars by 2026. The head of the Algerian Economic Renewal Council, Kamal Mawla, expressed his “pride” in the joint efforts of the public authorities and heads of institutions, which allowed for the creation of a climate Confidence in the national economy. In the same context, Mawla confirmed that “more than 7,000 institutions have been registered at the level of the Algerian Investment Promotion Agency,” which is an “important indicator of the return of confidence and the trend towards investment in Algeria thanks to the facilities that accompany investment.”