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Saturday, April 17, 2021

Algeria aims to expand defence industry, increase economic output

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Algeria is looking to expand its defence industrial workforce and output as foreign investment in the country’s industry approaches USD1 billion, the head of Algeria’s military manufacturing body has told local media.

In an interview with Algerian newspaper El Watan on 9 September, Major General Rashid Chouaki said the Algerian government was seeking to raise the country’s defence industrial output from about 5-6% of GDP up to 10% as part of efforts to reduce the country’s economic reliance on hydrocarbons and tackle the wider informal economy that makes up much of Algeria’s economic output.

Maj Gen Chouaki said the policy aims to add 25,000 workers to the sector’s current 15-17,000, as well as 20,000 positions in adjacent sectors as the military looks to outsource roles such as mechanical repair.

Read More:Algeria aims to expand defence industry, increase economic output – IHS Jane’s 360.

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