Algeria is a rich opportunity for international investors as North Africa’s largest nation steps up its drive for economic diversification and development of bold new infrastructure.
This was the message brought to London last week by Hamid Temmar Algeria’s Minister of Industry and Investment Promotion when he met Lord Davies the UK’s Minister of State for Trade, Investment and Business.
Algeria is steadily emerging from years of economic stagnation and has embarked on a huge multi-billion dollar make-over. The investment, spurred by its income from oil and natural gas sales, is vital in a country where jobs and housing are scarce and where an Al-Qaeda inspired insurgency was until recently thought to be sinking roots.
A determined effort to improve the economy and social conditions for those marginalised by poverty is proving an effective way to counter terrorism. The longer term aim is also for the country to become increasingly integrated into the modern global economy…read more