In the face of declining revenues on the back of low oil prices, Algeria has renewed its focus on economic diversification, with tourism – among other sectors – being viewed as a key source of potential alternative revenues, as well as a vehicle for job creation and rural development. To that end, government priorities include accelerating hotel construction, improving personnel training,...
A drive to improve food security, coupled with weakened oil prices worldwide, has prompted Algeria to accelerate its planned agricultural reforms over the next five years. To that end, in 2014 the government announced plans to spend AD300bn (€2.8bn) each year on agriculture as part of the Public Investment Programme 2015- 19. However, some key challenges must be addressed. In this respect,...
With a population of 39.5m, concentrated along a narrow strip of coastline, along with comparatively high rates of consumption and a push for investment in fibre backbone infrastructure, Algeria offers significant potential for telecoms operators. Since the launch of 3G mobile internet services in 2013, operators have continued to roll out 3G networks across the country, with one aiming to...
New capital projects, from upgraded port facilities to multi-lane motorways and underground metros, have been a hallmark of Algeria’s transport sector in recent years. While bottlenecks persist – including an over-reliance on road transport and limited rail connectivity – generous public spending on transport infrastructure, largely funded by oil and gas revenues, has ensured continuous...
Algeria’s construction sector remains buoyant despite the impact of the significant drop in global oil prices, with the government continuing its support for the main social programmes and infrastructure projects as a means of diversifying the economy. A new five-year investment plan for the period 2015-19 worth €233.7bn was approved by the government in late 2014 to build upon the...
Given the Algerian economy’s reliance on the oil and gas sector, manufacturing industries have historically taken a secondary role in the country’s economic development policies. However, since the early 2000s, industry has received renewed interest from authorities, who have been looking to counteract rising demand for imports and revamp new industrial chains as a means to support massive...
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