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Industry in Algeria is one of the pillars on which the Algerian economy is based, especially the hydrocarbons industry belonging to the mining industry sector, and despite the diversity of the productivity of this sector, it is modest in terms of yield, and the produced hydrocarbons accounted for about 2.9% of the production of natural gas in the whole world, And about 2.2 of the total global crude oil production during 2006, and Algeria produced in 2006 about 38,914 tons of gold.This initiative also aims at promoting the digital economy, development and setting up new flexible and innovative mechanisms for financing projects and encouraging industrialists to modernize their production equipment.
Industry in Algeria is one of the pillars on which the Algerian economy is based, especially the hydrocarbons industry belonging to the mining industry sector, and despite the diversity of the productivity of this sector, it is modest in terms of yield, and the produced hydrocarbons accounted for about 2.9% of the production of natural gas in the whole world, And about 2.2 of the total global crude oil production during 2006, and Algeria produced in 2006 about 38,914 tons of gold. The beginning of the emergence of the mining industry in the country was from 1970 AD, and the industry at that time relied on many minerals such as iron, phosphates, mercury, and zinc, and in the early 2000s the government proposed a decision allowing foreign investors to develop mineral deposits held by national mining companies in cooperation with National Research Office of Geology and Minerals. Economic Impact The highest percentage of revenues are due to the natural gas, petroleum, and manufacturing sectors, as these industrial sectors reached a government income estimated at 78%, due to the continuous increase in international prices for crude oil and natural gas, and the mining sector contributed to the employment of more than 28 thousand people.
Algeria has recently put in place a new strategy for industrial revitalization, which aims at developing and integrating the Algerian industry, the government seeks to improve the attractiveness of Algeria as an investment destination in order to revive industrial activity, create business opportunities and encourage the creation of new investments. This initiative also aims at promoting the digital economy, development and setting up new flexible and innovative mechanisms for financing projects and encouraging industrialists to modernize their production equipment.
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