Overview of the national economy
Thanks to an enviable strategic geographical location, at the center of the Mediterranean region, connecting Africa, Europe and the Middle East, Algeria offers tremendous opportunities for its economy as well as to its partners.
Algeria is the only country that connects the Mediterranean area to the heart of Africa through an Algerian-built highway crossing the Sahara Desert. Algeria can rightfully boast immediate access to seven (7) border markets in neighboring countries.
Algeria enjoys a very functional and modern infrastructure meeting world-class standards and including highways, seaports, airports and developed telecommunications.
Public development policies covers all parts of the country, with social transfers from the state budget directed to meet the citizens’ needs in education, healthcare and housing.
In agriculture Government plans have revitalized and diversified through an expansion of cultivated land, sustained momentum given to the development of new agricultural areas and revival of rural regions.
In the sector of industry and services, encouragement of investment has fostered a resurgence of the steel industry, mechanical engineering, and the agro-industry , and contributed to creation of an important number of SMEs.
In 2014, the drop in global oil prices has certainly impacted the economy of the country. Nonetheless, the Government has used the situation to put forth bold policies to diversify the economy and improve the investment climate through greater benefiting local and foreign private investors. The new investment policies are focusing on facilitating investment by streamlining procedures for firm creation, conduct of business, investment projects, and saving time and reducing administrative costs.