Algeria’s Major Projects

The transformation of the production process
which the Algerian economic growth strategy is based. It is carried out through a set of
overall policies aiming to improve the competitiveness and efficiency of national
business.

The implementation of these policies is conducted by virtue of several major projects
which Algeria has led for many years and which namely concern the promotion of
investments, the upgrading of businesses, the regulation of industrial activity,
privatisation and the restructuring of the economic sector.

The structural transformation of the economic system, another fundamental axis of
Algeria’s growth strategy, is conducted through significant economic reforms
implemented by launching a set of other major projects and which particularly involve
the monetary system and capital market, the economic property market and the goods
and services market.

These transformations bring about profound changes and pose considerable
challenges. Algeria is today determined to stand up to the challenge, following a constant
course: pursuing its commitment to sustainable development while accelerating its
transition towards an efficient market economy resolutely recorded in the present
irreversible process of globalisation.
The breadth and scope of the investments it has committed to for this purpose are
evidence of this: almost 200 billion dollars in public and private investments are expected
for the 2005-2009 period, namely in heavy equipment and basic infrastructure.

This is also shown by the increase in its economy's power: an average GDP growth rate
of more than 5% a year is predicted between now and 2009.
As also evidenced by the specific activities it has conducted for many years to update its
institutional, legislative and regulatory systems, modernise these and attune these to the
development of universal standards.