The continuous process of upgrading existing infrastructure is helping Algeria to open up its economy as it diversifies activities away from hydrocarbons, and has delivered a boost to contractors and construction firms, particularly in the private sector. Overall, Algerian authorities are set to invest €222bn between 2009 and 2014, involving...
The $286bn that Algeria has set aside for infrastructure development under the current five-year development plan, which runs through 2015, has already had a sizable impact not only in terms of network capacity, but also on operational efficiency nationwide. New highways have been built, new tramways have begun operations, travel times are...
Algeria’s trade patterns have long been quite stable, with exports relying overwhelmingly (97%) on hydrocarbons and trade with the EU accounting for roughly half of the total. Bolstered by still-high oil prices into the first half of 2013, Algeria maintains beneficial terms of trade that allow it to run a consistent surplus.
After decades of heavy dependence on hydrocarbons exports, Algeria has been working to increase value-added activity and local manufacturing, reduce its import bill, provide a buffer against commodity volatility and create more employment opportunities.
Long seen as a market with untapped potential, Algeria’s pharmaceuticals sector is poised to benefit from a series of investments to expand local production capacity. “The recent slate of partnerships between domestic and foreign pharmaceuticals players is a testament to the industry’s positive outlook,” Cherif Benguerba, the country manager for...
Even amidst the constant change that now characterises North Africa, Algeria has charted a path of relative stability. This is largely due to its natural riches, with a vast array of oil and gas resources, that have made Algeria the fourth-largest economy on the continent after South Africa, Nigeria and Egypt, and the second-largest in North...
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