With economic growth outstripping existing infrastructure, Peru has committed fully to renovating transport links. Government efforts, coupled with the targeted concession of specific transport infrastructure to private operators, have channelled investment into the sector and improved connectivity. However, with economic growth exposing the...
Though Peru’s economic growth registered a slowdown in 2014 - to an estimated 3.1% according to the central bank compared to rates of between 5% and 9% for much of the past decade - the mining-led economy is expected to regain momentum in 2015 as diversification efforts continue and government measures to stimulate investment take effect.
Despite its unique natural and historical heritage, Algeria’s tourism sector has long struggled to transform into an important component of the country’s economy. The tourism industry was positively galvanised after independence in 1962, and the North African country experienced relative success in attracting visitors during the 1960s and 1970s.
Establishing the right type of incentives to attract private investment has commonly been one of the major challenges authorities have faced in developing the tourism sector. To solve this, the Algerian government has been strengthening a score of Tourism Investment Zones (Zone d’Expansion Touristique, ZET) across the country to try to funnel private investment into the...
Despite its unique natural and historical heritage, Algeria’s tourism sector has long struggled to transform into an important component of the country’s economy. Nonetheless, new government incentives, along with private initiatives to expand existing hotel capacity, are helping to modernise the sector, which has historically been sidelined by government focus on other economic activities....
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