NEW Algerian Prime Minister Smail Hamdani will spell out his economic reforms to the national assembly on Thursday. Hamdani, who was once considered one of the theorists of “Algerian socialism” under the late president Houari Boumediene, has said he plans to create almost 1,2-million jobs this year by “realising” 15850 investment projects currently in the pipeline, plus 120000 jobs from 12000 farming concessions. Unemployment in Algeria stands at 28%, according to official figures and has increased in recent years as Algeria’s centrally-planned economic system is converting into a market economy.