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March 5, 2025 | 6 months ago
Diversified investments and partnerships
Diversified investments and partnerships are a battle that Algeria has waged in recent years. The challenge is to boost non-hydrocarbon exports.
The Algerian economy is enjoying a positive dynamic thanks to the growing influx of foreign investment, in excess of 5 billion dollars. This trend is reflected in several strategic partnerships in key sectors.
An Algerian-Qatari project aims to boost food security through dairy production in the south of the country, a 420 million euro Algerian-Italian investment in Timimoun involves the cultivation of cereals, pulses over 36,000 hectares and the construction of agri-food processing units. The project is expected to generate 6,700 jobs, including 1,600 permanent positions.
In industry, the Algerian Condor group and the Chinese giant Hisense signed an agreement to build the largest household appliance production complex in Africa, in Bordj Bou Arréridj. The $200 million plant will produce 2 million Hisense air conditioners a year, 80% of which will be exported.
The automotive sector also benefits from a new Algerian-Chinese agreement between Entreprise Nationale Anabib and Auto Lumière for the local manufacture of spare parts, including headlights and bumpers, with a commitment to technology transfer.
Italy is also showing increased interest in diversifying its investments in Algeria. Antonio Tajani, vice-president of the Italian Council of Ministers, has wished to strengthen the bilateral partnership in agriculture, tourism, infrastructure and construction.
These initiatives testify to the growing attractiveness of the Algerian market and the country's desire to attract non-hydrocarbon foreign investment to diversify its economy.
March 5, 2025 | 
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