Algeria's 2020/2021 Economic recovery

Algeria's economic recovery plan includes the removal of the 49% cap on foreign company ownership and now allows foreign  direct capital investment.

The new laws are aimed at stimulating foreign investment into Algeria, a vast landmass country of 42 million people, on the door step of Europe and a central arterial ingress point to Africa.

Several sectors have been identified open for foreign investment, including the energy production sector. Independent Power Producers (IPP's) are now able to setup operations to exploit the abundant clean energy resources.  Solar projects in particular are part of the Algerian government’s development ambitions, and it recently reaffirmed its 4 GW plan to expand solar capacity tenfold by 2025.

Several other sectors are also open to attract foreign investments into projects across Transport, Agriculture & Farming, Manufacturing, Tourism, Training, Health care and Biotechnology. The significant pool of both graduate talent and youthful low cost labour also makes Algeria an ideal manufacturing and production opportunity for companies seeking new locations to make products.

A focus on Export Diversification is now an essential element to re-balance the heavy reliance on hydrocarbons for Algeria's current account receipts. Developing infrastructures through investment partnerships that can deliver export revenues, are a key priority for the Country's economic and employment outlook.