Course summary (Business in Algeria)
Located on the south corner of the Mediterranean, Algeria, part of the Great Arab Maghreb, is the 10th biggest
nation in the world, the
2th in Africa and the 1st in the Mediterranean region.
Religion in Algeria is Sunni (Islam).
Algiers is the 1st commercial and economic center in Algeria and the only major financial hub of
Algeria.
Algeria is member of: Arab Maghreb
Union, League of Arab States,
Organization Islamic Conference ...
Algeria is one of the richest countries in Africa. Algeria has huge natural resources, including hydrocarbures
- Algeria occupies the 15th place in oil reserves (45 billion tons oil equivalent in proven reserves in oil), 18th
in production and 13th in exports.
The refining capacity of Algeria can reach 22 million tones / year.
Algeria is 3th major oil manufacturer in Africa behind Nigeria and Libya and is the leading manufacturer of gas (near 50% of gas production in Africa). Algeria has the 1st African company in the energy sector- Sonatrach, which handles the international distribution of electricity and gas.
The economy growth in Algeria is esteemed to have reached 2.8% in 2011 (4.8 % if oil
and gas are excluded) and should pick up speed in 2012 and 2013. Oil and gas production is gradually dropping,
from 43.2 million tones in 2007 to 32 million tones in 2011.
Algeria accounts for 98% of exports by volume and 70% of tax revenues.
The agricultural and services sectors recorded growth of 10% and 5.3%
respectively in 2011. (Source: ADB)
Example of the course (Doing Business in Algeria):
SAIDAL is an Algerian corporation (capital of 2,500,000,000 Algerian dinars), whose
main mission is to develop, produce and market pharmaceutical products.
