After a decade of rising prices, the Algerian real estate market experienced a gradual slowdown in 2017 and through most of 2018. While a growing population and a high rate of urbanisation have kept demand high for affordable state-provided housing, the provision of new units at a rate of 300,000 per year has begun to impact private market prices. Although there are some inherent challenges…
Reaching a population of 42.3m by the end of 2018, Algeria is the second-largest country in North Africa after Egypt. The country is one of Africa’s most important producers of hydrocarbons and enjoys large reserves of shale oil and gas not commercially exploited. Although Algeria enjoys a relatively closed economy, it holds close trading links with its Mediterranean neighbours to the north, and
Interview:Li Jian What is Algeria’s potential for the construction sector in the short and medium term, and what challenges do you see arising? LI JIAN: Despite this construction sector’s achievements in recent decades, Algeria’s need for housing and infrastructure remains a priority. The authorities have regularly confirmed their dedication to social development and the improvement of…
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…
Interview:Abdelwahid Temmar How can the housing and urban planning strategy be adapted to address a fast-growing population? ABDELWAHID TEMMAR: Expanding and diversifying the offering of public housing represents a significant challenge to us due to the country’s constantly rising population. To achieve this goal Algeria has implemented a comprehensive strategy throughout the last two decades,…
In an effort to meet the infrastructure needs of a growing population and facilitate increasing exports of industrial and agricultural products and minerals, the government sees a robust and stable construction industry as a key component of its vision for the future. Even as the overall economy has slowed, the sector has remained a consistent engine of growth. The building materials segment, which…
In an effort to meet the infrastructure needs of a growing population and facilitate increasing exports of industrial and agricultural products and minerals, the government sees a robust and stable construction industry as a key component of their vision for the future. Even as the overall economy in the country has slowed, the sector has remained a consistent engine of growth. The building…
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…
At $156bn in 2016, Algeria’s GDP is the largest in the Maghreb region and the second largest in North Africa, and with a per capita GDP of $3843, it also ranks as the wealthiest in North Africa.