Algeria
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Sunday, May 19th 2013
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Algeria

Already one of Africa's top five economies, Algeria aims to become a major manufacturing partner for leading European brands
The economy in Algeria today is still under the influence of the country's history, the current environment being the result of choices made in the past
Finance
Basic resources such as water and fertile soil are particularly precious in North Africa
Algeria's varied topography presents significant physical challenges for balanced land management and equitable economic development
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Substantial currency reserves and a large hydrocarbon stabilization fund have helped buffer Algeria against the latest global economic crises
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Algeria has better reason than most to develop its renewable energy sector
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Substantial foreign currency reserves and a large hydrocarbon stabilisation fund have helped buffer Algeria against the latest economic crises
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Algeria has better reason than most to develop its renewable energy sector
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Algeria's varied topography presents significant physical challenges for balanced land management and equitable economic development
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Algeria now boasts a sophisticated economy, with low external debt, a lively stock exchange, and enough currency reserves to cover its operating costs for five years
Substantial currency reserves and a large hydrocarbon stabilization fund have helped buffer Algeria against the latest global economic crises
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Already one of Africa's top five economies, Algeria aims to become a major manufacturing partner for leading European brands
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Infrastructure
Mineral-rich Algeria has no shortage of natural resources for producing building materials
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When one of the world’s leading manufacturers of lightweight building products and systems set up in Algeria in 2006, it introduced a new facet to the country’s construction industry and launched a new generation of professionals
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Algerian citizens whose monthly income is less than 24,000 dinars (about £197) are entitled to free homes provided by the state
A huge housing programme is under way as the government attempts to improve the living standards of thousands of families throughout Algeria
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The Algerian government has embarked on a major town-planning initiative aimed at creating 2 million new homes by the end of its current five-year plan spanning 2010-2014
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Since independence, successive Algerian governments have pursued programmes of national reconstruction, initially focused on the creation of an industrial base and a reduction in unemployment, and a new impetus has been given to improving housing and urban planning during the past 10 years
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The real estate situation in Algeria is in no way comparable to the European system, which is mostly a commercial model focused on selling properties
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The National Technical Control of Construction Centre (CTC) is increasing safety levels in the Algerian construction industry by standardising risk prevention
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FGCMPI guarantees the completion of building work, right up to the point where the keys are handed over
Up until the mid-1980s, real estate development in Algeria was under the sole jurisdiction of the state
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Industry and Trade
Since Algeria gained independence from France in 1962, relations with Germany have been based on friendship and trust. Germany has been financially involved in the development of Algeria through a technical cooperation agreement – a contribution that has amounted to approximately €200 million since 1974
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Foreign and private investors are a key factor in the growth of Algeria's pharmaceutical market
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Based in Algiers, Groupe SAIDAL is the largest pharmaceuticals group in the country and ranks among the biggest in Africa
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As Algeria's car market expands, French and German companies are looking to manufacture in the country
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Few things can be as frustrating for a company as being unable to keep up with demand for the products it manufactures
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Joint ventures proliferating in both public and private sectors are making major contributions to building a better future for Algeria, as evidenced by the ongoing pursuit of strategic partnerships by SGP EQUIPAG
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Knowledge transfer and joint ventures, both at home and abroad, are adding strength to Algeria’s manufacturing and industrial sectors
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Created in January 1983, the National Enterprise for Public Works Materials (ENMTP) manufactures a range of heavy equipment vital for a country in transition
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Energy
Youcef Yousfi, Minister of Energy and Mines
Energy-rich Algeria wants to secure the future of its oil and gas industry, and needs greater foreign investment to boost exploration and the exploitation of vast untapped unconventional resources
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With 100 companies and subsidiaries, 160,000 workers and responsibility for 30% of Algeria's GDP, Sonatrach is not just the biggest group in Algeria, but the biggest in Africa, and the 14th largest oil and gas producer in the world
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With an eye to the future, Sonatrach moves into new sectors
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Reliable transport networks and strategic partnerships provide keys to Sonatrach's export success
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In a sector where technology develops very rapidly, it is crucial to keep staff updated. Sonatrach's solution lies in a policy of continuing education and specialist training
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Energy-rich Algeria wants to secure the future of its oil and gas industry, and needs greater foreign investment to boost exploration and the exploitation of vast untapped unconventional resources
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The entire energy demand of Western Europe could be met 60 times over by the solar potential of the Sahara
Algeria plans to generate 40 per cent of the nation’s electricity from renewable sources by 2030
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With 100 companies and subsidiaries, 160,000 workers and responsibility for 30 per cent of Algeria’s GDP, Sonatrach is not just the biggest group in Algeria, but the biggest in Africa, and the 14th largest oil and gas producer in the world
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Telecoms & ICT
Algeria is set to catch up by granting 3G licences to its three mobile operators in a move that will boost competition and benefit the consumer
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Agriculture
Sharpened focus on agriculture as part of a drive for sustainable development aims to boost domestic production
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Sharpened focus on agriculture as part of a drive for sustainable development aims to boost domestic production
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Tourism & Culture
Algeria is keen to share its beauty and culture with the world and believes its tourism sector is capable of boosting employment and investment
Situated along the route taken by centuries of travellers from the Near East heading to Al-Andalus (Spain), Algeria has seen many different cultures pass through, and has inevitably absorbed bits and pieces of each of them
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Algeria is keen to share its beauty and culture with the world and believes its tourism sector is capable of boosting employment and investment
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Situated along the route taken by centuries of travellers from the Near East heading to Al-Andalus (Spain), Algeria has seen many different cultures pass through, and has inevitably absorbed bits and pieces of each of them
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