9th International Trade Show

04-06
March
2024
CIC Alger
Algiers
Partner event:
MAGHREB’S LEADING PRINTPACK MARKET

Algeria – The economic powerhouse

Hundreds of billion US$ investment program

Algeria is the largest country in Africa and the most populous in the Maghreb region.

The vast country is the leading gas producer in Africa and the second largest gas supplier for Europe. It is one of the three largest oil producers in Africa.

Considerable oil and gas revenues together with economic opening, liberalisation and privatisation have created constant GDP growth in most of the past few years.

With a GDP of US$ 147 billion in 2020, Algeria is the economic powerhouse on the African continent, ranking fourth after Nigeria, South Africa and Egypt.

Imports have increased from US$ 38.9 billion in 2010 to US$ 41.9 billion in 2019.

Exhibitors will benefit from the fourth massive investment program of hundreds of billion US dollars for 2020 and 2024, which will contribute to the development of the country's infrastructure and the improvement of the living conditions of Algerians.

Inhabitants:

  • 43.9 million (2020)

Strenghts:

  • 18th largest oil exporter and 7th largest exporter of gas in the world
  • Huge oil and gas reserves
  • High cash reserves and minimal foreign debt
  • Stable government
  • Fast growing market for consumer and investment goods

Opportunities:

  • Public investment programs improve infrastructure and offer chances for supply
  • New industrial policy to strengthen competitiveness offering chances for cooperation with foreign enterprises
  • Oil and gas production to be enlarged
  • Funding of large-scale projects state guaranteed
  • Considerable market for capital and consumer goods
  • Financial strength, young and western oriented population

Commodities:

  • Agrarian: wheat, barley, oats, grapes, olives, citrus fruits, sheep, cattle
  • Mineral: crude oil, natural gas, iron, phosphate, zinc, lead

 

 

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