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