In the last 10 years, Algeria has focused on developing local manufacturing industries in order to reduce its heavy import spending, boost employment, increase value addition and export revenues, and diversify the economy. Today the oil and gas industry contributes 97% of export receipts and roughly one-third of GDP, yet it employs only a fraction of the workforce. Over-...
Hydrocarbons have long served as the backbone of Algeria’s economy, but in the past year there has been a push to encourage activity in other extractive industries, following the introduction of new legislation aimed at increasing mineral production. The text of the new mining bill, which was approved by the National Assembly and the upper house in late January 2014, is...
Pharmaceuticals production capacity in Algeria will increase noticeably in the next few years as several new plants come on-line. Sector authorities have been working to boost domestic output of basic medications for the last decade, and in 2011 the Ministry of Health announced a goal of meeting 70% of demand for pharmaceuticals through local production. The actual...
Authorities have zeroed in on the automotive industry in their bid to re-industrialise the Algerian economy and reduce import spending. Automotive sales have boomed in recent years and, despite a slowdown in late 2013 and 2014, strong demand for personal vehicles among Algeria’s 38.8m people will continue to drive sector growth. Recent state investments in industrial and...
The choice of Béjaïa as the location for a new petrochemicals plant and industrial zone was finalised in January 2014, a step forward for the government’s plan to invest in downstream energy as part of its broader goal of diversifying the economy. In that month, Hamou Ahmed Touhami, the governor of Béjaïa, a province on the coast east of Algiers, announced that the town...
Consumption patterns in Algeria are beginning to shift towards modern retail, supported by rising income levels and greater exposure to formal shopping outlets and international brands. Small neighbourhood stores and the informal sector still account for the majority of retail turnover, but in recent years several domestic chains have expanded their footprint....
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