Algeria affirmed today, Friday, in Niamey, its full readiness and commitment to engage in joint endeavors and its support for the promotion of industry and industrialization on the African continent, stressing the need to develop a new economic model in line with the African context and to prepare a comprehensive industrial strategy that takes into account the capabilities of each country to achieve a viable industry and a strong, integrated and harmonious economy.
This came in a speech delivered by Prime Minister, Aïmene Benabderrahmane, who represents the President of the Republic, Mr. Abdelmadjid Tebboune, during a closed session of the 17th Extraordinary Summit of the African Union on Industrialization and Economic Diversification in Africa.
In this context, the Algerian premier pointed out to the “essential role” played by small and medium enterprises in the field of industry, stressing the need to “give them the necessary support and encouragement and improve their competitiveness while providing them with various energy resources.”
Accordingly, the Prime Minister called for “developing a new economic model and preparing a comprehensive industrial strategy to achieve a viable industry and a strong, integrated and harmonious economy that guarantees it a place in regional, continental and international value chains.”
Mr. Aïmene Benabderrahmane said that Algeria, under the wise leadership of the President of the Republic, Mr. Abdelmadjid Tebboune, “embarked on the path of developing its economy and diversifying its exports so as not to remain hostage to fuel prices.”
In this context, he said, “Algeria today is reaping the fruits of these efforts, as its non-hydrocarbon exports have increased by more than three times in the last two years.”
The Prime Minister also highlighted Algeria’s endeavor, as part of its new economic approach, to “ensure steady growth that respects modern environmental standards for sustainable development, such as reducing pollution and global warming and preserving natural resources to secure a better life for future generations.”
In the end, the Algerian premier expressed his thanks and gratitude to the government and people of the brotherly state of Niger for hosting this summit, and the high level organization of this important event, conveying, on the occasion, the greetings of the President of the Republic, Mr. Abdelmadjid Tebboune, and his wishes of “success for the proceedings of this important summit.”