Algeria makes strides in economic diversification

Algeria is making significant progress on economic diversification, according to a new World Bank report highlighting the country’s reduced dependence on hydrocarbons.

According to government-friendly AL24, the country’s non-hydrocarbon exports have tripled between 2017 and 2023, boosted by key reforms including a digital port platform and the 2022 Investment Law that streamlines procedures for domestic and foreign investors.

Agricultural sector growth is accelerating with increased fresh food exports, supported by improved product quality certification through ALGERAC, which has expanded accredited laboratories by 75% over three years to ensure export standards are met.

AL24