Manufacturing Chinese carmaker Jetour to build assembly plant in Algeria Chinese car company Jetour is planning to build a car assembly plant in Algeria, taking advantage of incentives offered to industrial projects. Earlier this week Jetour told AGBI that it is planning to start a manufacturing unit in Dubai as a springboard to supplying the UAE and the rest of the Gulf. Jetour will build […] May 8, 2025
Economy Omani fund to invest $300m in Algeria’s economy Oman and Algeria have signed an agreement to create a joint venture oilfield services company in the North African country, according to local media. The agreement was signed on Monday. Algeria’s state oil operator, Sonatrach, signed the agreement with Abraj Energy Services, a wholly owned subsidiary of Oman’s global integrated energy group OQ, during sultan of […] May 6, 2025
Economy Algeria creates agency to promote non-oil exports Algeria is to create an export promotion agency to push non-oil international sales as the oil and gas producer faces plunging petroleum prices. Algerian President Abdelmadjid Tebboune revealed the plan during a meeting with national business leaders in the capital Algiers last week. Tebboune said the export promotion agency would be set up next month […] April 15, 2025
Opinion Oil & Gas Libya courts oil investors but risks loom large The country's long-term stability will ultimately determine investment success April 11, 2025
Renewable Energy Chinese companies spearhead Algeria’s solar drive Algeria has broken ground on two new solar power projects over the past week as part of a drive to build 15 plants with the help of Chinese companies. The drive aims to largely expand the use of renewable energy and release oil and gas for export by the Opec producer. Renewable sources currently account […] April 9, 2025
Industry China’s GWM to build its first car plant in Algeria Great Wall Motor (GWM), one of China’s 10 biggest car manufacturers, plans to build its first factory in Algeria, joining others in the country including Fiat, Peugeot and Kia. GWM will build the car assembly plant as a joint venture with an Algerian partner, Elkhabar newspaper and other Algerian publications reported, without identifying the partner. A […] March 21, 2025
Infrastructure Algeria cancels deep-water port project with China Algeria has officially shelved a $3 billion project to build what could have been one of Africa’s largest ports, nine years after a group of Chinese and Algerian companies signed an initial agreement, Ports Europe reported. The Algerian authorities, China State Construction Engineering Corporation and the China Harbour Engineering Company, signed an initial agreement in […] March 19, 2025
Oil & Gas Trans-Sahara gas pipeline project back on the table A multi-billion dollar trans-Sahara gas pipeline project dating back more than half a century has been revived after a meeting between the oil ministers of Algeria, Nigeria and Niger. The ministers held talks in the Algerian capital, Algiers, on Tuesday to discuss the resurrection of the Trans-Sahara Gas Pipeline. This involves the construction of a […] February 13, 2025
Oil & Gas Algeria and Egypt lead Arab LNG export decline Total Arab exports of liquefied natural gas (LNG) fell last year, led by drops in Algeria and Egypt. Algeria was doing maintenance work on gas facilities and Egypt was diverting gas to meet domestic summer demand. Arab exports of the gas declined by 3 percent from 112 million tonnes in 2023 to 108.6 million tonnes […] February 5, 2025
Analysis Mining Lithium find exposes Algeria’s neglected mining sector The discovery of lithium in Algeria is a major economic opportunity – but underinvestment in the country’s mining industry means it could take a decade or more to bear fruit, experts say. In May 2024, Algeria discovered significant deposits of lithium and other essential climate technology minerals in the southern regions of Tamanrasset and In […] January 16, 2025
Renewable Energy Water scarcity biggest threat to North Africa’s green energy drive Water scarcity is the biggest hurdle to the development of renewable power across North Africa, along with a lack of financing and governance failures, a new report says. Nevertheless, countries in the region are boosting production of sustainable sources of energy, pushed by unmet domestic demand and the European Union’s increasing hunger for imports of […] December 17, 2024
Analysis Tourism Algeria must forge its own identity to hit tourism targets If Algeria’s tourism industry is to become the vital engine of the country’s economy its tourism minister hopes, it must find a way to differentiate itself from its neighbours, experts have told AGBI. The Algerian government aims to welcome more than 12 million foreign visitors by the end of the decade, as part of its national tourism […] November 15, 2024
Infrastructure Railways ‘at centre’ of Algeria’s evolution, says UK ambassador Algeria is putting its railways at the centre of national infrastructure plans in part because roads are expensive and difficult to maintain, according to the country’s ambassador to the UK. A significant expansion of the country’s railway network is scheduled to start this year, with the construction of 2,773km of railway lines – the equivalent […] October 2, 2024
Oil & Gas Energy ambitions in Algeria go beyond oil and gas Algeria has ambitious plans to revitalise its bread-and-butter energy industry. The country is Africa’s largest gas exporter and third-largest oil producer. World Bank figures show hydrocarbons make up 93 percent of its total exports. The International Monetary Fund said Algeria’s economy grew by 4.2 percent to $244.75 billion in 2023, in part because of renewed hydrocarbon […] September 30, 2024
Economy Algeria’s UK ambassador: ‘We must modernise our economy’ Weeks after presidential elections in which the incumbent, Abdelmadjid Tebboune, was re-elected, Algeria has set its sights on systemically modernising its economy, having seen what it says are positive results from introducing investment reforms and enabling 100 percent foreign ownership in some sectors. “We hope the economy will continue to grow with more reforms … […] September 30, 2024
Opinion Oil & Gas October presents Opec+ with a quandary The oil group wants to bring barrels back to the market but it could bow to global uncertainty September 2, 2024
Opinion Economy Macron gambled and lost. Now bond markets will have their say The election result puts France on a collision course with global capital markets and the EU July 9, 2024
Artificial Intelligence Qatar’s Ooredoo signs AI deal with chipmaker Nvidia US chipmaker Nvidia has signed a deal with Qatari telecommunications provider Ooredoo Group to bring its artificial intelligence technology to five countries in the Middle East, the companies announced on Sunday. Ooredoo will be the first company in the region to offer direct access to Nvidia’s AI and computer chips to its customers in Qatar, […] June 24, 2024
Agriculture Baladna lines up $3.5bn Algerian dairy venture Baladna, the largest dairy food producer in Qatar, is exploring plans for a $3.5 billion venture in Algeria that will be based on a herd of more than a quarter of a million dairy cows. The company has signed a framework agreement with the Algerian Ministry of Agriculture and Rural Development to set up what […] April 29, 2024
People & Lifestyle Cairo has most billionaires in Africa, but wealthy are leaving Cairo is home to more billionaires than any other African city, but Egypt is facing an exodus of its wealthiest citizens. The international wealth advisory firm Henley & Partners said Cairo is home to four billionaires, and 30 centi-millionaires – those worth $100 million or more. Most reside in affluent parts of Greater Cairo, including […] April 25, 2024
Manufacturing Stellantis puts Algerian car industry on road to recovery Multinational car maker Stellantis has announced the start of production at its factory in Algeria, with a commitment to expand further to help the ailing local market. Four Fiat models will be built, including the Fiat 500 and Fiat Doblo, as part of an initial €200 million ($216 million) investment in the plant in Tafraoui, […] December 15, 2023
Infrastructure Gulf telcos sign deal to create $2bn tower company Telecom operators Ooredoo and Zain Group on Tuesday said agreements have been signed to create the largest tower company in the Middle East and North Africa. The cash and share deal, which also involves Dubai-based Tasc Towers Holding, will establish a company comprising 30,000 telecom towers in Qatar, Kuwait, Jordan, Iraq, Algeria and Tunisia, with […] December 5, 2023
