| Market Research A to Z | Company Profiles A to Z | Register | Contact Us |
| +44 (0) 203 086 8600 Call us on |
Algeria Infrastructure Report 2009
Market |
Construction |
Report Type |
Market Research |
Country |
Algeria |
Published |
12 March 2009 |
Number of Pages |
71 |
Download |
|
Immediate |
|
Publisher |
Business Monitor International |
In the past few years, Algeria has greatly benefited from its exports of gas to Europe, the high global energy prices, and the significantly increased foreign direct investments in the country. After the 10 years of civil war (1991-2002) in the country, when investments in the country’s infrastructure came to a virtual standstill, Algeria’s infrastructure industry has been experiencing unprecedented growth. In 2008, the country’s construction sector grew by 12.5%. However, the current financial slowdown, along with the radical decrease in oil prices, is going to have a significant impact on Algeria’s economy. In the Algeria Infrastructure Report 2009, we forecast a decrease of 5.1% in the country’s annual real growth for the construction industry for 2009.
Foreign direct investments keep pouring into the country as international, and especially European interest remains high. Algeria’s oil and gas wealth and its potential to become the single most important non-Russian controlled energy artery for Europe have boosted Algeria’s leverage and status in the Mediterranean region. At the same time, European companies and governments face acute competition from Russia, and increasingly China, in their efforts to establish ties with the Algerian government.
Algeria has wisely directed a significant part of its income and foreign investment into the physical infrastructure of its energy sector, as well as into the much-needed development of other key sectors such as transport, particularly the country’s rail network, and real estate construction. Projects worth billions of US dollars have been announced in the past few years in all infrastructure sectors that, if realised, could significantly benefit the country.
Algeria’s business environment remains highly problematic and presents investors with significant risks.
Cumbersome bureaucracy and corruption hamper the process of establishing business, even for large multinationals, and make projects slow to kick off. In BMI’s Global Business Environment Rankings, out of the 167 countries rated, Algeria ranks 137th.
Our otherwise positive overall view for Algeria is made bleaker by the major downturn in oil prices, due to the country’s high dependence on the sector. For 2009, we forecast unemployment to further decrease to 11.5%. However, regarding real GDP growth for 2009, it is forecast to be 4.6%, which marks a decrease from 2008’s 4.9% and 2007’s 5.3%.
Last Viewed
Algeria Infrastructure Report 2009Light trucks in the United States
HRG Strategic Company Profile 2006
Croatia Real Estate Market Report
Egypt Agribusiness Report Q4 2009
Become an Affiliate
Do you manage an industry specific website or blog? Are you looking to monetise your web traffic further? Are you a B2B website?
Why not offer your visitors industry specific strategic market reports and company profiles? Our Affiliate Program enables you to provide quality content on your website and to earn money from passing on visitors to our website. If a sale is made from your visitor, you earn commission (a fixed percentage of the price of a product).
Custom Research
Cannot find what you need? We can tailor a report for you. Complete the Custom Research Form and we will provide a quote.
News
Report: Recession Hampers Growth in the Global Photoresists and Ancillaries Market
Report: Product Innovation Keeps Consumer Interests Sufficiently Kindled in the US Housewraps market
Market Insights
Currently there are no Market Insights in this sector.
