With large domestic demand, an available workforce and emerging industrial capacity, Algeria is set to restart its automotive manufacturing sector after years of being out of operation. Despite growing sales of vehicles over the past few years, the country has lacked local manufacturing facilities. However, interest in supplying the rising demand...
At a press conference in September 2013, Algeria’s minister of energy and mines, Youcef Yousfi, announced that hydrocarbons giant Sonatrach had made some “very important” and “extremely promising” gas finds and that the country’s natural gas reserves were “not falling, but rising”.
One aspect of Algeria’s push to diversify national revenue sources away from the hydrocarbons sector is to strengthen activity in regional markets outside of cities like Algiers or Oran, to foster job creation in outlying wilayas (provinces) and cultivate secondary and tertiary industries throughout. While in many cases the initiatives...
While still at an early phase of development, with few listed securities, Algeria’s capital markets are set to see a host of new listings. The exchange’s second initial public offering (IPO) of a private company took place in June 2013 (the first was in 2011), with several other firms expected to follow suit. The government is also working on a plan...
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...
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