2013-12-08 13:55:44 - Recently published research from Business Monitor International, "Algeria Infrastructure Report 2014", is now available at Fast Market Research
The Algerian construction sector has performed well in 2013 and we see this trend to continue into 2014. After a change of the historical construction data by the Bank of Algeria, from -5.9% year - on -year [y-o-y] to 1.51% y-o-y in 2011, we have revised our outlook of the Algerian construction value to be in line with these modifications. Strong revenues from oil and gas resources and energy exports have allowed the Algerian government to assign US$286bn for investment in infrastructure in five years. Reasonable growth rates and rising oil prices, as well as a period of political stability, in relation to neighbouring countries, are helping to maintain Algeria's inflows of foreign investment. Over the 10-year forecast period we
expect average y-o-y growth will be 5.9%, from 2014 to 2023, with industry value to stand at US$ 57.04bn by the end of this period.
Full Report Details at
- www.fastmr.com/prod/723563_algeria_infrastructure_report_2014.as ..
The key trends and developments in Algeria's Infrastructure sector are:
* At the Algeria Infrastructure Summit held in September 2012, plans for the enhancement of the country's infrastructure sector were announced. A total of US$286bn will be invested in an infrastructure development program. In particular, US$156bn government investments are planned for new projects and US$110bn will be allocated for the modernisation/development of current rail and road projects. In addition an approximate US$20bn has been allocated to developing the country's water resources. The government plans to build 32 new water dams and 25 large water transfer systems with a total value of US$10bn; 40 wastewater treatment plants with a value of US$1bn; Irrigation and drainage projects amounting to US$700mn and water distribution systems for 37 cities amounting to US$1bn. A further US$114.4bn will be dedicated to the development of education, healthcare and housing infrastructure.
* Algeria's Tourism Minister announced that the government is planning to carry out and complete 713 hospitality projects by 2016, including the building of over 480 hotels in major cities.
* The government is keen to diversify its power sector, with the Ministry of Energy and Mining highlighting coal, nuclear and renewable energy as possible resources to exploit. The latter of the options is receiving the greatest level of conviction from the government, thanks to the Algerian Council of Ministers' approval of a national policy for renewable energy sources. The extremely ambitious programme aims to install 22GW of electricity capacity by 2030, with about 12GW coming from renewables. The ministry's goal is to meet up to 40% of Algeria's energy needs from renewable sources by 2030. It is estimated that the necessary investment will be between $90 and $120 billion through 2030.
The opening up of the construction sector in Algeria to international participation represents an attractive opportunity for foreign companies. European and Asian firms are expected to benefit the most from multimillion contracts, but opacity in tendering processes and security threats remain as considerable risks.
We identify endemic corruption as one of the main risks for foreign investors in Algeria. The country ranked 105 in the Transparency International Corruption Perception Index in 2012. In addition, there are still remnants of political upheaval and violence from the country's recent history and poverty remains widespread. The attack in the refinery in January 2013 is a reminder of the existent security threats in Algeria.
Report Table of Contents:
BMI Industry View
- Infrastructure SWOT
- Construction And Infrastructure Forecast Scenario
- Table: Construction and Infrastructure Industry Data, 2012 - 2017
- Table: Construction and Infrastructure Industry Data,2018 - 2023
- Transport Infrastructure - Outlook And Overview
- Table: Major Projects Table - Transport
- Energy And Utilities Infrastructure - Outlook And Overview
- Table: Major Projects Table - Energy & Utilities
- Residential/NonResidential Building - Outlook And Overview
- Table: Major Projects - Residential/ Non-Residential Construction and Social Infrastructure
Industry Risk Reward Ratings
- Algeria - Infrastructure Risk/Reward Ratings
- MENA - Infrastructure Risk/Reward Ratings
- Table: MENA Infrastructure Risk / Reward Ratings
- Competitive Landscape
- Groupe Cosider
Global Industry Overview
- Table: Latin America PPP Round-Up
- Industry Forecast Methodology
- Sector Specific Methodology
- Risk Reward Rating Methodology
- Sector Specific Methodology
- Table: Infrastructure Risk Reward Rating Indicators
- Table: Weighting Of Indicators
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
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