Algiers’ Liberalisation with BRICS Ambitions

Algeria is taking care not to fall into the hands of Western-aligned tenders.

Image: dzair-tube.dz

On 25 June, Algeria’s Prime Minister Nadir Larbawi chaired a government meeting to review key policy initiatives focused on economic diversification, including progress on major structural projects. The meeting assessed the implementation of the integrated phosphate project, covering its industrial components and the accompanying mining railway. This follows the recent reintroduction and approval of a 2023 draft mining law last month, which liberalises foreign ownership to 80% from the previous 51/49 rule to attract investment in Algeria’s mineral resources, such as phosphate, iron ore, and lithium. These efforts have already led to bilateral agreements with Russia and Kazakhstan to bolster the mining sector. However, these reforms also intensify Algeria’s competition with Morocco, a regional rival with its own ambitions in the mining and green energy sectors.

Algeria Renews Bid for Mineral Exploration

Welcoming Investment, Eyeing BRICS