Algeria Economy

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Concerted efforts are under way to diversify the Algerian economy, especially since the fall in global oil prices in 2014. The industry, agriculture, tourism and ICT sectors have been prioritised to reach this target, and digitalisation and entrepreneurship should play major roles in their development. “Building entrepreneurial ecosystems is...

 

The goal of smart city design is to improve the standards of living for citizens by optimising resources through digital solutions. In addition to advancing the wilaya (province) of Algiers, the Algiers Smart City envisions setting a new baseline for technology development in other cities in Algeria and further abroad. Although the...

Chapter | Algiers Smart City from The Report: Algeria 2018

The Algiers Smart City initiative, established to advance multiple aspects of the tech industry, such as technology transfer, talent mobilisation and cross-sector synergies, demonstrates the benefit of approaching development from a less conventional perspective. Players in IT and other contingent sectors are increasingly aware of the opportunities created by adopting an approach to progress...

Chapter | Economy from The Report: Algeria 2018

As Africa’s most important gas exporter, Algeria remains highly dependent on the hydrocarbons sector for the majority of government revenues and almost the entirety of its exports. Despite reforms to encourage private sector development, promote diversification and attract foreign direct investment in recent years, the state plays a preponderant role, meaning that expenditure and investments...

Chapter | Country Profile from The Report: Algeria 2018

Since achieving independence in 1962, Algeria has pursued an activist foreign policy, pushing interests of developing countries through the Non-Aligned Movement, as well as in groups like the G-77. Algeria holds close trading links with its Mediterranean neighbours to the north, and is an important source of EU natural gas imports, particularly to France, Spain and Italy. The country has...

Algeria is a key producer of hydrocarbons in Africa, ranking first in gas output and among the top three for oil. It depends on the sector for the majority of government revenue and nearly all exports. Despite reforms to encourage private sector development, promote diversification and attract FDI, the state plays a preponderant role, meaning that changes to government expenditure and investment continue to have a large impact on economic performance.

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