Introducing Algeria

• Algeria occupies a unique position in North Africa, positioned as a competitive hub for trade and investment with its neighbours, the EU and Arab markets. 
• Growth is expected to recover sharply this year, following fiscal expansion, including new public investments taking effect.
• Relationships with the UK are strong. Lord Risby, the Prime Minister’s Trade Envoy in Algeria, is a frequent visitor, promoting bilateral trade. 
• Alistair Burt – an old friend of Algeria and a regular visitor. He has met with Algeria’s Prime Minister and other senior Ministers.
• David Cameron, former Prime Minister, visited in 2016, also meeting with Algeria’s Prime Minister.
• The relationship was further highlighted by the visit of President Bouteflika to Britain for a working visit with Prime Minister Tony Blair and a meeting with H.M. The Queen in 2006.

UK companies already in Algeria

These include:
BP, Statoil, British Airways, AstraZeneca, HSBC, British American Tobacco, GlaxoSmithKline, Shell, Petrofac, Petroceltic, KPMG, Ernst & Young and Unilever among others.

Bilateral trade now accounts for $2 billion.

Ten reasons to invest in Algeria:

1. Stable economy – GDP growth rate of 4%
2. Democratic government – elected for 5 year terms
3. Educated workforce – 86% literacy rate and 96% school enrolment
4. Cheap labour – average salary is $20K
5. Commitment to public investment – $262 Billion pledged for 2015-2019
6. Incentives to invest – including 10 years tax exemption
7. Strategic proximity – to 7 border African markets, the EU and Arab markets
8. Excellent transport network – 16 international airports and 45 sea ports
9. Natural resources – one of the world’s top ten producers of both oil and natural gas
10. Low energy costs – industrial gas is 22 times cheaper than the European average
11. Double Taxation Treaty signed 2017 giving a 20% advantage in some sectors.

Key sectors:

• Energy – including oil, gas, renewables
• Infrastructure – construction and ICT
• Mining – including natural resources and heavy industry
• Consumer – including FMCG, healthcare, retail
• Agriculture – including processing, packaging, distribution
• Telecommunications –  emerging technologies, e-payments
• Financial services – banking, insurance
• Health – major investments  into all healthcare – private and state
• Education and Training  – English language, vocational training for all sectors