The housing shortage in Algeria has posed a key challenge to the authority of the government, igniting protests in cities across the country and highlighting stark disparities. Despite steady GDP growth, an increasing number of Algerians lack access to affordable housing, while many are left to take their chances in the informal housing sector. High...
Long-awaited plans to set up a ratings agency to gauge stability levels in Algeria’s banks seem to be back on track, with the process for selecting a monitoring system now gathering pace. The launch of the new ratings system for the nation’s banks has the potential to boost confidence in the sector, while paving the way for increased lending in line...
A key focus of spending under the government’s 2010-14 five-year development plan has been the modernisation and development of Algeria’s public transport facilities. Among other projects, the state plans to invest more than AD447bn (€4.3bn) in the construction of tramway systems for 14 cities nationwide, with the aim of emulating the success of the...
While Algeria has made significant improvements to key elements of its transport infrastructure, a rise in international cargo flows in recent years has put pressure on the country’s ports. Despite experiencing a minor slowdown in maritime traffic in 2008, national port traffic increased from 117.9m tonnes in 2010 to 118.1m tonnes in 2011, according...
After three rather disappointing bidding rounds and increasingly lacklustre interest from international oil and gas companies, Algeria’s minister of energy and mines, Youcef Yousfi, declared towards the end of 2011 that the country needed to review its hydrocarbons legislation. Algeria’s Council of Ministers approved changes to its 2005 Hydrocarbons...
Following the global economic downturn in 2008, Algeria’s real estate market suffered a slowdown, incurring the loss of some key investors and the postponement of various projects. Nevertheless, sector developments remain largely positive, driven by significant government and private sector investments to increase housing availability and realise...
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