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| INVESTMENT
NEWS |
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News
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Egypt's largest automotive supplier plans to acquire an Algerian company |
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02-03-2009-
ALGERIA, EGYPT |
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Egypt's largest publicly traded car assembly retail, Ghabbour Auto, said it would pay USD 2.5 million for a 51% stake in GB-Allab Remorque, a company that will soon distribute semi trailers in Algeria. |
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Algerian President Abdelaziz Bouteflika announces the creation of a EUR 1.5bn fund |
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27-02-2009-
ALGERIA |
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Mr. Bouteflika said this new publically funded investment vehicle will be operational at the end of February 2009 with the aim of financing medium term investments. |
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Algeria is looking towards developing a civilian nuclear power capacity |
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24-02-2009-
ALGERIA |
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Algerian Energy and Mines Minister Chakib Khelil declared today that "[...] towards 2020 we will probably have our first reactor and we'll probably have a reactor every five years after that." |
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Algeria willing to promote its tourism industry |
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23-02-2009-
ALGERIA |
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Algeria only attracted 1.74 million visitors in 2008 (the figure includes 1.2 million members of the Algerian diaspora), against 7 million visitors for Tunisia and 8 millions for Morocco over the same period of time. |
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FDI: Investment Promotion Agencies worldwide not reactive enough with potential investors |
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19-02-2009-
ALGERIA, PALESTINIAN AUTHORITY, CYPRUS, EGYPT, EUROMED, ISRAEL, JORDAN, LEBANON, LIBYA, MALTA, MOROCCO, SYRIA, TUNISIA, TURKEY |
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According to the International Finance Corporation's latest global benchmarking survey on investment promotion agencies (IPAs) in 2008, around 70% of IPAs do not consistantly respond to investors' requests. |
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Algeria, health sector: government plans to invest EUR 20bn over next 15 years |
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16-02-2009-
ALGERIA |
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Mr. Slim Belkessem, a spokesperson for the Ministry of Health, said that this money will be used between now and 2025 to improve 'sanitation infrastructure and modernise existing hospitals.' |
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Algerian government will apply new rules to foreign companies active in the country |
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10-02-2009-
ALGERIA |
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Algerian Trade Minister El Hachemi Djaaboub announced that foreign companies active in Algeria will now have to rely on local importing companies for a minimum 30% share.
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Algeria dedicated USD 20 bn to water development within past 8 years |
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05-02-2009-
ALGERIA |
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The Algerian governement conducted a 20 billion dollar investment plan from 2000 to 2008 for increasing the country's water capacity. |
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MENA seen as ideal location for solar energy projects |
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02-02-2009-
ALGERIA, PALESTINIAN AUTHORITY, CYPRUS, EGYPT, EUROMED, ISRAEL, JORDAN, LEBANON, LIBYA, MALTA, MOROCCO, SYRIA, TUNISIA, TURKEY |
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"Sunshine is almost guaranteed for more than 300 days per year in most MENA locations. [...] [It] makes the region ideal for the development of solar energy," Vice-President of consulting firm A T Kearney said. |
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French Cegelec wins new contract in Algeria |
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29-01-2009-
ALGERIA |
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The French group providing technological services to companies and public authorities has sealed a deal to supply electrical infrastructure for four motorway tunnels on the future East-West motorway. |
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