At the end of the entrepreneurship days organized by the Algerian Economic Renewal Council (CREA), the President of the Republic, Abdelmadjid Tebboune, spoke at length to business leaders and young project leaders on the economic issues of the ‘hour.
He also emphasized the state’s priorities in terms of economic reforms. Reforms focus particularly, according to the President of the Republic, on improving the business climate and supporting investors.
For the Head of State, it is essentially a question of improving the performance of the national economic fabric. It is on all these questions that Nadir Larbaoui’s team will work on in 2024. Abdelmadjid Tebboune clearly underlined this: “Next year will be economic.” It will, in fact, see the continued consolidation of the national economy, within the framework of the measures taken over the last three years.
In this context, the abolition of the tax on professional activity (TAP) is planned in particular. A decision which comes “in response to the requests made by national economic operators and investors for twenty years, and should boost production”, underlined the Head of State, reaffirming the attachment of the public authorities to “encourage the productive sector “.
A way to contribute to the promotion of non-hydrocarbon exports. The President of the Republic spoke in this context of “a new economic model freed from the mentalities and practices of the past”. “We must build an economy based on small and medium-sized enterprises (SMEs), taking into account their potential for innovation and job creation,” he stressed. “The national economy requires companies capable of substituting imports while increasing the rate of national industrial integration,” he said on this subject. Hence the need to free up initiatives. It is also one of the current priorities of the State.
Coordination between public authorities and operators
To do this, incentive measures for the benefit of investors and entrepreneurs have been taken, in order to reduce bureaucratic obstacles and bring businesses out of inertia. The commitment is made to address the grievances of economic operators. This is the case for the crucial question of land which has delayed numerous projects in recent years.
Evoking this question, the President of the Republic specified that it was “definitively” resolved, after the adoption of the text of the law on economic land by the two chambers of Parliament. Regarding these obstacles, the president of CREA, Kamel Moula, welcomed the progress made in the fight against bureaucratic practices, deeming it essential to intensify “coordination between public authorities and economic operators”. He also recalled the priority given to the energy and health sectors and food security for the future of the country, calling for the creation of “a national pole capable of developing the competitiveness of the agri-food sector”.
At the same time, he affirmed the commitment of Algerian economic companies and private investors to contribute more to supporting national economic growth. And to display the availability of economic operators to “constantly ensure investment in different sectors and excel in innovation to create wealth and jobs”.
Objective: “Make Algeria a leading country, economically strong and socially united” through the exploitation of natural resources and innovative human energies.
