Construction & Real Estate
From The Report: Algeria 2013
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Major investments in a number of areas, such as transport, home construction and utilities provision are driving sector activity. The government is also planning a number of sector-specific initiatives, such as a plan to build 750 new hotels and create an additional 42 industrial zones throughout the country. Large-scale projects are attracting interest from both local and foreign firms. The real estate market is expecting major growth due to an existing housing shortage, the rising population and improving economic conditions.

This chapter contains interviews with Farouk Chiali, Minister of Public Works; and Mark Dixon, Group CEO and Founder, Regus.

Articles from this Chapter

Overview

Building confidence: Efforts to upgrade infrastructure are multiplying the number of projects across all sectors
OBG
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The continuous process of upgrading existing infrastructure is helping Algeria to open up its economy as it diversifies activities away from hydrocarbons, and has delivered a boost to contractors and construction firms, particularly in the private sector. Overall, Algerian authorities are set to invest €222bn between 2009 and 2014, involving construction firms at a variety of levels. Funds will be used to expand and repair the road network, establish new rail links, and upgrade airports and…

Analysis

Social workers: Boosting the supply of affordable housing units remains a priority
OBG
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Besides focusing on major construction projects aimed at modernising transport links and social infrastructure, a considerable part of Algeria’s recent spending drive has also been directed at enlarging the pool of affordable homes for the growing population. Consecutive years of high oil prices have solidified the country’s fiscal position. This has not only allowed plans for heavy infrastructure investments to go ahead, but also facilitated the allocation of a large chunk of the government’s…

Interview

OBG talks to Farouk Chiali, Minister of Public Works
OBG
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Interview:Farouk Chiali To what extent are motorway projects progressing? FAROUK CHIALI: The construction of an efficient road and motorway network that ensures accessibility to the whole nation is the basis of the overall sectoral strategy under the Road and Highway Master Plan ( 2005-25). This document defines priorities through axes of development, namely, the realisation of the East-West Highway (as well as the second, third and fourth motorway bypasses), the highway in the Highlands…

Overview

Opening up: International participation and a more agile legal framework should help the sector realise its potential
OBG
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Although momentum slowed following the global financial crisis that began in 2008, Algeria’s real estate market has remained buoyed by its strong fundamentals. Government-led investment is driving sector growth, not only in the more populated regions of the north, but also through expansion of developments across the country’s central and southern areas. Construction remains an important focus as the government looks to increase the number of affordable homes, while a push to establish…

Interview

OBG talks to Mark Dixon, Group CEO and Founder, Regus
OBG
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Interview:Mark Dixon How has demand for office space in African economies evolved in recent years? What role is flexible space playing in new market dynamics? MARK DIXON: Businesses investing in Africa want flexibility, particularly with regard to where they set up, how much workspace they use, and how they respond to new opportunities and challenges. This is the same in every market, not just in Africa. In new markets, businesses do not want to be constrained by long-term property arrangements.…