Construction & Real Estate

In an effort to meet the infrastructure needs of a growing population and facilitate increasing exports of industrial and agricultural products and minerals, the government sees a robust and stable construction industry as a key component of its vision for the future. Even as the overall economy has slowed, the sector has remained a consistent engine of growth. The building materials segment, which grew by 16.3% in the first quarter of 2018, is particularly promising as Algeria builds on recent investments in manufacturing plants and shifts its focus to scaling up exports. After a decade of rising prices, the Algerian real estate market experienced a gradual slowdown in 2017 and through most of 2018. This chapter contains interviews with Abdelwahid Temmar, Minister of Housing and Urban Planning; and Li Jian, Assistant President, China State Construction Engineering Corporation (CSCEC), and Chairman, CSCEC Algeria.