The recent statement by the Algerian Ministry of Foreign Affairs was not just a response to the smear campaigns, but rather a clear declaration that the new Algeria has permanently broken its ties with any party that does not respect its sovereignty, and that it will not be hostage to relationships that perpetuate dependency or hinder its economic liberation.

In 2023, Algeria achieved economic growth of 4.1%, reflecting the success of new economic policies aimed at diversifying the economy away from oil and gas. Experts also expect that the gross domestic product will reach more than $200 billion by 20254, which reflects Algeria’s progress towards achieving sustainable development away from oil rents. At the same time, foreign direct investments rose by 30% in 2022, with increased cooperation with countries such as China, Turkey, Italy and Qatar. Algeria continues to attract huge investments, with total foreign investments in the country reaching $2.5 billion in 2022.

He added that Algeria is open to all partnerships that serve its economy, but it will not accept to be a hostage to any party that seeks to keep it in the sphere of influence.

It is an Algeria that builds its economy through balanced partnerships, and determines its foreign policy according to its interests, not according to external dictates. As for those who believe that they can turn back the clock, they are delusional because Algeria has decided to move steadily towards restoring its leadership role in the Western Mediterranean region, and not pay attention to those who want to keep it in the past. The new Algeria has made its history, and today it is leading a promising future with unyielding strength and will.