Benefitting from the government’s push for transport infrastructure and public housing, and guided by a new capital-intensive five-year plan, the construction sector has been seeing constant activity. This is not only positively impacting local building and contracting firms but also attracting a host of contractors from abroad which are looking to tap into the country’s...
THE COMPANY: NCA Rouiba was created in 1966 and began its activities with the production of canned food. Twenty years later the company began producing fruit-based beverages before expanding operations to ultra-high temperature processed milk in 2004. In 2005 the company opened up its capital to a foreign investment fund, AfricInvest,...
The banking industry in Algeria is characterised by a high level of stability and ample liquidity, which owe much to the country’s robust hydrocarbons revenues. Lending to the economy has been growing strongly, albeit from a low base, and while intermediation rates are low, plans to relax a government ban on consumer credit and launch a new credit registry in 2015 should...
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...
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 COMPANY: SAIDAL Group was created in 1982, following the restructuring of the Pharmacie Centrale Algérienne. The company’s initial operations started in the factories of El Harrach, Dar El Beïda and Gué de Constantine. In 1988 SAIDAL was given the antibiotic complex designed by the Société Nationale des Industries Chimiques....
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