Faced with a significant deficit of affordable housing in urban centres, all eyes are on the nation’s housing projects and the authorities’ ability to deliver more than 1.6m housing units by 2019 in spite of the low oil price environment which has had a significant impact on government revenues and budgets. Nevertheless, the real estate sector offers multiple investment opportunities as the...
The largest country in Africa, Algeria remains mainly underexplored as regards non-hydrocarbons mineral deposits, pointing to major potential opportunities in the mining sector. The authorities are keen to develop the industry, not only in order to boost minerals output itself, but also to provide raw materials for a range of emerging industries. The new mining law and the incentives it...
While it has grown more than five-fold since the 1990s, Algeria’s insurance industry remains small relative to the size of the economy, with low penetration and density ratios. The sector sees more than half of its profits from automotive coverage, though the life segment has grown swiftly in recent years. Improvements to automotive claims processing and determined efforts to resolve the...
As Algeria attempts to curb the impact of the global downturn in oil prices and sustain economic growth, boosting hydrocarbons production to make up for lower prices and keep pace with rising domestic demand is a priority. Making the market attractive to foreign investors is fundamental to raising production, as are measures to ensure sustainable consumption of energy. With two-thirds of the...
The largest economy in the Maghreb, Algeria is also the region’s wealthiest country in terms of purchasing power parity-adjusted per capita. Hydrocarbons are the mainstay of economic activity; however, amid slowing production and exports, as well as the sharp drop in oil prices since mid-2014, the government is taking a range of measures to develop other sectors, with a particular focus on...
Algeria is Africa’s largest country. Its population – which is currently just under 40m – is rising at an annual rate of 1.9%. Like many other countries in North Africa, the population is young, with two-thirds under the age of 30. Hydrocarbons have long been the economy’s primary driver. The country is the world’s sixth-largest gas exporter, and has the 10th-largest natural gas reserves....
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