The Middle East Association will be leading a Trade Mission to Algeria from 10th to 14th November, visiting Algiers and Oran.
Algeria is the largest country in Africa, the second most populous in the Arab world, Africa’s fourth largest producer of oil and the world’s sixth largest producer of gas. It has strong economic fundamentals, with one of the highest GDPs per capita in Africa and a low rate of inflation. GDP growth is expected to average 5% for 2013-2016.
In 2010, the Government implemented a 5 year spending programme of $286 billion to improve infrastructure and to encourage a more diversified economy. Corporation tax is being cut to 19% in certain sectors to promote growth in areas other than petroleum and gas.
There is a strong and growing commercial relationship between the UK and Algeria. Trade in goods between the two countries was worth over £2 billion in 2011. UK visible exports continue to grow, and totalled £574 million in 2011, up 66% on 2010 figures. UK companies have a reputation for quality in customer service and enjoy successful generation and retaining of business in Algeria.
There are already a number of UK companies operating in Algeria in the following sectors:
- Oil & Gas
- Mining and Extraction
- Education & Training
- Renewable Energy
- Financial Services
- Infrastructure & Construction
- Life Sciences
- Defence & Security
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