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THEREPORT

Algeria

2018

FINANCE ICT

INDUSTRY

TOURISM ENERGY

HEALTH UTILITIES TRANSPORT

AGRICULTURE

CONSTRUCTION INTERVIEWS

www.oxfordbusinessgroup.com

ALGERIA 2018

SNAPSHOT

Algeria in brief

COUNTRY PROFILE

Moving forward: A young population and

resurgent energy sector lead to positive outlook after several years of economic decline

Productive discourse: Ongoing reforms make

space for economic recovery

Interview: President Abdelaziz Bouteflika

Unified approach: Diplomatic engagement sees

rising levels of foreign trade

Viewpoint: Xi Jinping, President of the People"s

Republic of China

Interview: Ferid Belhaj, Vice-president for MENA,

World Bank

Historic ties: Algeria and China"s mutually

beneficial partnership accelerates economic growth and infrastructure expansion

ECONOMY

Changing track: New strategy targets increased

spending and an improved investment climate

Organic changes: Legislative reform expected to

enhance budget planning

Business Barometer: Algeria CEO Survey

Interview: Abderrahmane Raouya, Minister of

Finance

Quantitative easing: A closer look at the new

macroeconomic strategy and its impacts

Protective measures: Import restrictions and

structural reforms target increased domestic

production and economic sustainabilityTax liabilities: Impacts of the trend towards lower corporate tax rates on developed and developing economiesInterview: Richard Lesser, CEO, Boston Consulting GroupGlobal village: Medium-term prospects suggest globalisation is set to continue for the foreseeable futureInterview: Ali Haddad, President, Algerian Business Leaders" Forum

FINANCIAL SERVICES

Mindful leadership: Fundamentals remain sound

in the banking sector as the authorities move to tackle new issues

Interview: Mohamed Loukal, Governor, Bank of

Algeria

Card bargain: Despite legal changes, e-payments

struggle to gain foothold

Extending access: Recognising the role of

financial inclusion in broader economic development

Interview: Brahim Semid, CEO, Banque

Extérieure d"Algérie

Ready and willing: The bourse upgrades

infrastructure and rules while it awaits the introduction of new listings and financial instruments

Interview: Lazhar Sahbani, Partner, PwC Algeria

Market analysis & data provided by PwC

Funds and gains: Private equity investments

have a role to play in deepening and diversifying the economy, but some obstacles remain

On the up: More favourable economic

conditions support stronger insurance growth

Reassuring trend: New reinsurance programmes

are bolstering coverage against natural disasters in emerging markets

ENERGY & RENEWABLES

Encouraging outlook: An increased focus on

renewables is set to complement the country"s long-term commitment to fossil fuels

Interview: Abdelmoumen Ould Kaddour, CEO,

Sonatrach

Gas giant: As a viable energy alternative, gas

will become an increasingly important resource going forward

Interview: Claudio Descalzi, CEO, Eni

Interview: Hesham Mekawi, Regional President,

BP North Africa

Fuelling growth: A focus on liquefied petroleum

gas is central to a drive to increase domestic production

Rising tide: Solar and wind power industries

are growing thanks to ample potential and decreasing costs

Interview: Fatma Zohra Zerouati, Minister of

Environment and Renewable Energy

Changing track

Page 24

The shift in macroeconomic strategy in late

2017 has brought some relief to Algeria, though

the sustainability of this approach rests on the adoption of the necessary corrective measures from 2019 onwards. Unless there is a signifi- cant and sustained increase in global oil pric es to offset the impact of medium-term fiscal consolidation, economic growth is set to slow over the coming years until the twin budget and current account deficits are balanced. 6 11 13 16 18 19 20 21
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THE REPORTBloomberg Terminal Research Homepage: OBGR'GO'

Efficient expansion: Aims include building more

water-related infrastructure and growing the natural gas distribution network

Interview: Mohamed Arkab, CEO, Sonelgaz

Currents of growth: Focused investment in areas

like desalination, sanitation and irrigation has eased the stress of acute water scarcity

Interview: Hocine Necib, Minister of Water

Resources

Productivity boost: Industrial policy focuses on

facilitating small business creation and raising local integration

Interview: Amara Charaf-Eddine, CEO, Madar

Holding

Below the surface: New legislation aims to

attract fresh mining investment and tap the country"s wide variety of minerals

A steely performance: Algeria moves closer to

its goal of becoming self-sufficient in steel

Best medicine: Import replacement policy and

strong fundamentals support pharmaceuticals expansion

Into high gear: Economies around the world are

preparing for the opportunities and challenges brought about by the next industrial revolution

National priority: The authorities work to lower

the food import bill and attain self-sufficiency in

key cropsInterview: Nabil Assaf, Representative, Food and Agriculture Organisation of the UNWater works: Expanding irrigation infrastructure is high on the agendaInterview: M"hamed Metidji, CEO, Metidji Group; and President, National Interprofessional Council for Cereals

In the pipeline: Rail and road infrastructure

developments forge ahead

Interview: Abdelghani Zalene, Minister of Public

Works and Transport

On track: Expanding rail capacity remains a

national priority

Modern travel: The authorities are looking

to ensure intermodality becomes a standard feature of future transport projects

Skybound: Rapid expansion of global aviation

industry propels investment efforts

Scaling up: Domestic producers are

increasing output of building materials, while infrastructure developments are supporting export goals

Interview: Abdelwahid Temmar, Minister of

Housing and Urban Planning

Sustainable urbanisation: As urban populations

undergo rapid growth around the globe, planners are striving to create efficient spaces

Interview: Li Jian, Assistant President, China

State Construction Engineering Corporation

(CSCEC); and Chairman, CSCEC Algeria

Home run: The state continues its housing drive,

providing support for financing and addressing the informal market

Increased competition: Alongside digitisation

efforts and strengthened cybersecurity, the arrival of new players has galvanised the local market

Incubating growth: As funds are being directed

to technoparks, incubators have witnessed growth and the flourishing of their ideas

Interview: Steve Tzikakis, President, SAP South

Europe, Middle East and Africa

Expanding network: The country has witnessed

a rapid increase in 4G, backed by network expansions that have boosted subscribership numbers

Building blocks: Blockchain technology has

applications that could revolutionise trade and provide opportunities for the developing world

Time for technology: Scaling the Algiers

Smart City approach may provide a model for

developing ICT in an effective and sustainable way across sectors 92
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Chairman: Michael Benson-Colpi

Director of Field Operations: Elizabeth

Boissevain

Managing Director for Africa: Karine

Loehman

Regional Manager for Africa: Elise

Postigo

Country Director: Lamis Yazbeck

Director of Field Development: Helena

Alvarez-Vieitez

Field Operations: Benito B Saporna,

Christian L Sibayan

Project Manager: Asmaa Bessis

Project Coordinator: Tarik Darcherif

For all editorial and advertising

enquiries, please contact us at: enquiries@oxfordbusinessgroup.com.

To order a copy of this publication or

to enquire about your subscription, please contact us at: booksales@oxfordbusinessgroup.com.

All rights reserved. No part of this

publication may be reproduced, stored in a retrieval system or transmitted in any form by any means without the prior written permission of Oxford Business Group.

Whilst every effort has been made to

ensure the accuracy of the information contained in this book, the authors and publisher accept no responsibility for any errors it may contain, or for any loss, financial or otherwise, sustained by any person using this publication.

Updates for the information provided

in this volume can be found in Oxford

Business Group's ‘Economic Updates'

service available via email or at www.oxfordbusinessgroup.com

Bloomberg Terminal

Research Homepage:

OBGR'GO'

CONTENTS

ALGERIA 2018

4

Algeria faces challenges in its utilities sec

tor in terms of distribution and efficiency.

While the provision of electricity is a non-is

sue - though sustainable generation notably is - the rate of household connections to the natural gas network is in need of improve ment, especially outside major cities. Drinking water is largely secure, yet business needs are straining resources, prompting increases in desalination and wastewater treatment.

ALGERIA 2018

A smarter blueprint: The new smart city is

paving the way for widespread technological development in other cities across the emerging world

Leapfrog to the lead: Project set to reposition

the country as a regional technological frontrunner

Roadmap in action: Development of the full

project implementation model gets under way following the release of blueprint plans

TOURISM

Sights set high: Long-term development plans

seek to improve international perception and support hotel growth

Interview: Abdelkader Benmessaoud, Minister of

Tourism and Handicrafts

Skills and development: Hotel and tourism

upgrades provide a broad range of job opportunities from Algiers to Oran

HEALTH & EDUCATION

Committed to care: Working to meet rising

demand for medicine through increased partnership between the public and private sectors

Interview: Amine Sekhri, Country Manager,

Roche Algérie

Promoting pharmaceuticals: As health care

provision expands, demand for both local and imported pharmaceutical products is rising

Contemporary tutelage: Transforming the

education system to expand capacity and prepare students for the modern age

Interview: Tahar Hadjar, Minister of Higher

Education and Scientific Research

On the job: Development and promotion

of technical and vocational training key to improving employment rates TAX

Mazars

Terms of payment: A breakdown and analysis of

the tax system

Viewpoint: Samir Hadj Ali, Chartered Accountant

and Managing Partner, Mazars Algeria

LEGAL FRAMEWORK

Gide Loyrette Nouel

Legal landscape: A summary of the relevant

laws and regulations pertaining to investors in

Algeria

Interview: Samy Laghouati, Partner, Gide

Loyrette Nouel

THE GUIDE

Luxury stays: Hotel accommodation in cities

around the country

Listings: Telephone directory of helpful public

and private entities

Facts for visitors: Useful tips for new arrivalsThe industrial sector is seen as having the potential to drive economic diversification and reduce the import bill. In addition to heavy industrial subsectors such as steel and cement, pharmaceuticals, agri-busi-

ness and automotive manufacturing havequotesdbs_dbs24.pdfusesText_30

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