Algiers, May 15, 2024 – Minister of Industry and Pharmaceutical Production, Ali Aoun, affirmed Tuesday in Algiers that Algeria aspires to establish itself as one of the main suppliers of steel to Europe. This ambition is based on undeniable assets, namely quality and quantity production, coupled with competitiveness in terms of energy costs.
Taking part in a round table on the theme “ Mines and mining ” as part of a meeting dedicated to the presentation of the “Global CEO Survey” study by the international consulting firm PwC, the minister highlighted other assets that reinforce Algeria’s ambitions in the field of steel.
Indeed, in addition to the quality, quantity, and competitiveness in terms of energy costs of its steel production, Algeria has a qualified workforce and a dynamic local market for its steel products.
Ali Aoun also discussed the new road map for the industrial sector, which, according to him, will allow the emergence of a new national ecosystem around iron and steel, encompassing recovery, logistics, processing, and distribution.
This ecosystem will be structured around large strategic industrial centers, namely:
- El-Hadjar steel complex (wilaya of Annaba)
- Bellara steel complex (wilaya of Jijel)
- Tosyali steel complex (wilaya of Oran)
Algeria aims to become a major steel supplier in Europe
Continuing his intervention, Mr. Aoun indicated that the Algerian steel sector is “on track to raise its capacities” to supply all forms of local industry, the railway industry, the automobile industry, and the industrial sector. home appliance.
For his part, Finance Minister Laaziz Fayed highlighted the favorable environment for investment in Algeria. According to the latter, the 2024 finance law, which he described as “ambitious and incentive”, plays a crucial role in creating a climate conducive to investments.
The substantial public spending undertaken by the State to revive the national economy bears witness to this.
He highlighted one of the key provisions of the 2024 finance law: the abolition of the tax on professional activity.
This measure demonstrates the desire of public authorities to support businesses and restore confidence in the economic sector. Mr. Fayed reaffirmed the crucial role of businesses in wealth creation and the country’s development.
The minister concluded his intervention by highlighting Algeria’s economic performance in 2023, with a growth rate of 4.1%. This result, according to Mr. Fayed, positions Algeria among the best-performing countries in the Mediterranean basin.
