Algeria will tightly control private enterprise

Significance Since his 2019 election, the president has introduced reforms to attract foreign investment, albeit only to a handful of sectors. The president remains opposed to opening the country completely to foreign interests, with an economic vision based on a state-led strategy focused on import substitution and the promotion of local production. Impacts The government will leverage strong US security ties to pursue economic opportunities with US corporations. Algeria's energy wealth will sustain international corporate interest in the country. The energy windfall will support Algeria's foreign ambitions, especially in the Sahel.