To support this initiative, Algeria has secured a $3 billion loan from the Islamic Development Bank, which will be disbursed over three years for infrastructure development.

Algeria is embarking on an ambitious project to triple its rail network by 2030, a move that is expected to significantly enhance national economic growth and regional connectivity.

The funding from the Islamic Development Bank is critical for realizing these infrastructure projects, which are essential for modernizing Algeria's economy and bolstering its role in regional trade.

The railway expansion is part of Algeria's cooperation with China under the Belt and Road Initiative, aimed at improving global trade and infrastructure.

Muhammad Sulaiman Al Jasser, President of the Islamic Development Bank, announced the deal on Ennahar TV, emphasizing its significance for Algeria's development.

This funding aims to accelerate key initiatives, including the expansion of Algeria's railway network, as part of a presidential strategy to enhance economic connectivity and stimulate growth.

This collaboration with China is expected to facilitate mining exploitation, enhance trade, and stimulate economic vitality.

Currently, Algeria operates over 5,000 kilometers of rail, and the new expansion is anticipated to provide faster, more efficient routes and open new economic opportunities.

Last year, Algeria unveiled plans to construct 6,000 kilometers of new railway lines, a project praised by President Abdelmadjid Tebboune as crucial for socio-economic advancement.

The comprehensive framework of this partnership focuses on increasing competitiveness, fostering private sector development, enhancing human capital, and promoting regional cooperation.