le secteur de l’énergie et des mines en Algérie, un pilier important dans la diversification de l’économie
Summary of the Energy and Mining Sector in Algeria
Introduction
During a recent conference at the Islamic Development Bank’s (IDB) annual meetings in Algiers, Algeria’s Minister of State for Energy, Mining, and Renewable Energies, Mohamed Arkab, emphasized the crucial role of the energy and mining sector in diversifying the country’s economy. This initiative is part of a comprehensive national strategy aimed at reducing dependence on hydrocarbons and enhancing industrial development.
National Strategy for Economic Diversification
Arkab outlined that Algeria’s national strategy focuses on integrating the energy and mining sectors into broader economic activities. This integration supports the manufacturing industry and strengthens electrical coverage for both agricultural and industrial sectors. The goal is to generate wealth, create jobs, and add value across various industries.
Hydrocarbon Initiatives
On the hydrocarbon front, Minister Arkab highlighted an intensive program that includes significant projects like refineries in Skikda and Hassi Messaoud, which will collectively have a capacity of 5 million tons. This initiative also encompasses projects aimed at converting raw products, such as gas into fertilizers, to bolster manufacturing industries.
Electric and Renewable Energy Projects
The minister underscored that electricity and renewable energy are vital components in the drive towards economic diversification. Major planned projects aim to expand the electrical grid to various agricultural and industrial zones. These efforts aim to support both industry and agriculture, speeding up the overall diversification process. Additionally, Sonelgaz is supervising an ambitious project focused on manufacturing diverse energy equipment to bolster technological competence across electrical production, transport, and storage sectors.
Mining Sector Growth
Discussing the mining sector, Arkab pointed out the significance of iron mining in Gara Djebilet and the zinc mining project in Oued Amizour, Béjaia. An integrated phosphate project in eastern Algeria was similarly highlighted as essential for future economic growth. Arkab expressed optimism regarding more mining projects that will soon commence. These initiatives are aimed at generating wealth, creating jobs in different regions, and fostering technological mastery and industrial development in Algeria.
IDB’s Role in Economic Diversification
At the conference, Rami Ahmad, Vice President of the IDB responsible for operations, brought attention to the economic diversification challenges faced by various member countries. Despite their reliance on a limited number of resources such as hydrocarbons and minerals, national strategies are being developed to overcome these challenges. Ahmad noted that 51 member states experience economic vulnerabilities from this dependence.
In response, the IDB launched a plan in 2023 focusing on green economies and climate protection, allocating $5.5 billion over the last three years to support climate financing. This funding specifically targets nations affected by climate change or conflict.
Conclusion
The discussions at the conference underscored the committed efforts of IDB member countries, including Algeria, to transition away from dependency on raw materials. Investment in industrial clusters and human resources development is seen as critical for achieving this goal. The ultimate aim is to foster a diversified economy capable of sustaining long-term growth and resilience.
