Algeria can reduce its imports by nearly $ 30 billion in four years, notably thanks to new projects related in cement, mining and vehicles, said Wednesday in Algiers Minister of Industry and Mines Abdeslam Bouchouareb.
Algeria can locally generate nearly $30 billion of imports in cement, petrochemicals and emerging industries, like cars that have recently experienced boost, said Bouchouareb while answering the Senators concerns on the bill on Investment.
Algeria’s imports declined from $58.58 billion in 2014 to $51.501 billion in 2015, according to customs statistics.
The cement industry is among the sectors on which is based the new approach, said Bouchouareb, adding that Algeria will ensure self-sufficiency in this area later this year.
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Credit: All Africa