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Analysis

A daily staple: Modern production techniques and increased investment are helping to reduce reliance on cereals imports
OBG
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Accounting for 75% of calories consumed in Algeria, the country is dependent on the availability of cereals to meet domestic demand of 7m tonnes a year. The development of this segment has thus been made a top priority under the Agricultural and Rural Renewal Policy (Politique du Renouveau agricole et rural, PRAR), to boost both local production and reduce reliance on imported cereals in the face…

Analysis

Bedding in: The quality and quantity of accommodation are set to receive a major boost in the coming years
OBG
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The first hotels in Algeria were built by the state in the 1970s, but poor management and depressed demand in the 1990s have caused the sector to suffer from a shortage in quality lodgings. Out of the 94,000 existing beds, only 20% currently meet international standards. “Boosting quality infrastructure and services is a must if Algerian tourism is to thrive,” Abdelkader Gouti, the director…

Analysis

The next generation: Waiting for regulatory approval to move forward
OBG
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The telecommunications market in Algeria is set to see significant gains with the introduction of third-generation (3G) services in 2012. The launch of this much-anticipated technology is set to create a number of new opportunities for operators to expand revenue sources and satisfy growing consumer demand for high-capacity data networks. As competition between Algeria’s three mobile operators…

Analysis

Unconventional thinking: Conditions improve for shale gas exploitation
OBG
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As an OPEC member and major gas exporter, Algeria has plans to develop its shale gas reserves and offshore production to secure a long-term supply of energy for both exports and the domestic market. In 2012 state-owned energy company Sonatrach began to drill for shale gas in the Ahnet basin, located south of In Salah in the south-west of the country. Two additional locations are scheduled to be…

Analysis

High marks: Degrees are being targeted as a way to improve job prospects
OBG
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To address the high rate of youth unemployment and bring skills in line with international standards, Algeria’s government is looking to diversify degrees in tertiary education to meet the economy’s growing demands for skilled labour. To achieve its objective, the country is boosting partnerships with foreign institutions to diversify offerings. “The current educational system lacks a close…

Analysis

Under the sea: Offshore drilling continues to grow
OBG
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For many, offshore hydrocarbons exploration constitutes perhaps the final oil and gas frontier. Offshore drilling targets deposits trapped beneath the ocean floor – or in some cases beneath inland lakes and seas – which are accessed through wellbores in the seabed. It is the most complex and expensive way of exploiting oil and gas deposits. Wells are drilled from a variety of facilities, including…

Analysis

In demand: Raising steel output in line with infrastructure development plans
OBG
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As Algeria’s economy has picked up again in recent years, the country has had difficulties meeting the growing demand for steel and iron, particularly in light of large-scale state-led plans for infrastructure development. To address this problem, in mid-2011 the government pledged to invest millions of euros over five years to boost domestic steel production. The establishment of new steel facilities…

Analysis

An upward trajectory: The life segment is expected to pick up again, while growth in other lines continues
OBG
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Although insurance penetration in Algeria is still low by regional and world standards, the sector is growing quickly. Total premiums have almost doubled between 2006 and 2011, giving a compound annual growth rate of 13.55% from a starting point of AD45.82bn (€439.87m). Profits also increased during the same period, with net income as a percentage of gross written premiums rising from 5.3% in…

Overview

A good start: Economic and social indicators look set to continue to improve
OBG
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After achieving independence in 1962, following a long struggle with France, Algeria found itself in a difficult position: it produced only modest amounts of oil, had limited infrastructure in rural areas, grappled with unemployment in excess of 70% and was devastated by the conflict with its colonial ruler. Just a half-century later, the country now numbers among the top oil producers on…

Overview

Added momentum: Legal changes should boost foreign interest, while development of shale and renewables is in the works
OBG
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Given its substantial oil and gas reserves, Algeria has maintained its position as a major global player in the hydrocarbons sector. Of all the oil exporters in the world, Algeria ranks 16th, with most of its oil heading to the US and Europe. Algeria is the fourth-largest crude oil producer in Africa, with an estimated 12.2bn barrels of proven reserves as of January 2012, according to the Oil and…