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...
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...
THE COMPANY: The Entreprise de Gestion Hôtelière El Aurassi (EGH El Aurassi) is a hotel management company. It comprises four hotels, the Hôtel El Aurassi Hotel, a five-star hotel in the centre of Algiers, and three others facilities located in southern Algeria: Hôtel Rym in Béni-Abbès, Hôtel El Mehri in Ouargla, and Hôtel El Boustene...
The Algerian insurance market is underdeveloped by regional standards, with penetration particularly low in the life segment; however, the sector has witnessed strong expansion in recent years. Life insurers have posted especially robust growth since early 2013, and companies are seeking to develop new niches, such as health insurance, targeted at individuals....
Having been launched a decade and a half ago, Algeria’s stock market remains modest in size, with a market capitalisation equivalent to around just 0.1% of GDP – a result in part of the country’s surplus liquidity and accessible bank lending.
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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