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May 13, 2024 | 8 months ago

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Algeria will venture into this niche. Algerian elevators for our buildings.

The "Made in Bladi" (Made in Country) is on the rise. Algeria is poised to reach a new milestone in its industrial development with the groundbreaking announcement from the Minister of Housing, Urbanism, and City, Mohamed Tarek Belaribi.

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Algeria is making significant strides in its industrial development with a focus on the elevator industry, a strategic sector set to transform urban landscapes and enhance citizens' daily experiences. Minister Mohamed Tarek Belaribi announced plans for Italian and Chinese companies to establish elevator manufacturing plants in Algeria, marking a pivotal moment in the country's industrial policy.


This initiative aims to address reliability issues with elevators, commonly experienced in both public and private real estate projects due to a lack of expertise and delays in sourcing spare parts. By producing high-quality elevators locally, Algeria seeks to optimize spending, create jobs, and support local suppliers while positioning itself for future export opportunities.


President Abdelmadjid Tebboune's broader strategy emphasizes economic diversification, with collaborations with international partners such as China, Qatar, Malaysia, and Italy yielding ambitious projects and substantial investments in the Algerian economy.


In addition to elevators, key sectors like automotive, steel, and agri-food are central to this diversification strategy. The establishment of a mega-farm for milk powder production reflects Algeria's commitment to self-sufficiency and reducing import bills.


Overall, Algeria's vision for economic modernization, characterized by innovation, international cooperation, and diversification, promises a brighter future for its citizens.

May 14, 2024 | algeria-logo

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