The biggest contract in the history of the Algerian power sector was signed in September 2013 by US multinational General Electric (GE) and Société Algérienne de la Production d’Electricité, the production subsidiary of state-owned Sonelgaz. It provided for delivery of the equivalent of around 70% of the generating capacity Algeria has in place at...
Although momentum slowed following the global financial crisis that began in 2008, Algeria’s real estate market has remained buoyed by its strong fundamentals. Government-led investment is driving sector growth, not only in the more populated regions of the north, but also through expansion of developments across the country’s central and southern...
The Algerian banking industry remains dominated by six state-owned banks, which account for the majority of market share; however, private institutions, all of which are foreign-backed, are growing rapidly. In contrast to Morocco and Tunisia, the sector is characterised by very high levels of liquidity, which makes for a stable financial system but...
Personal insurance is much less developed in Algeria than property and casualty lines, a reversal of the situation in most Western countries – where life tends to dominate – but par for the course in emerging markets. Personal insurance premiums also fell in annual terms for the entirety of 2012, as a new law banned firms from selling both life and...
Rising incomes facilitated by Algeria’s economic development, coupled with increasing exposure to international brands and modern outlets, are combining to create the right environment for retail expansion. Although most sales are still channelled through the informal sector and small, family-owned stores, growing examples of successful, large-scale...
Long-pending and extensive amendments to Algeria’s 2005 Hydrocarbons Law cleared parliament in January 2013 and were passed into law shortly after. The changes were made in part to attract investment into unconventional resources and stoke interest in new bidding offers, following three rounds in recent years that produced disappointing results.
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