The UK-Algeria Business Council (UKABC) is pleased to organise its third multi-sector Trade Mission to Algeria, from 19 March-23 March 2012. This Trade Mission will be a great opportunity for the participants and delegates to understand better and seize the available business opportunities in Algeria and to network with their Algerian counterparts including policy makers and discuss common interests and exchange views and experiences.
This Mission is being arranged with the support of Noozz, the Emerging Markets Business Intelligence company who have a strong focus on the Algerian Market www.noozz.com
Algeria is considered one of the richest countries in Africa combining unmatched human and natural resources where the World Bank forecasts a 4%GDP growth in 2011. Algeria is enjoying great stability and currently benefiting from a strong external and budgetary positions with large foreign currency reserves estimated at $150 billion and is a virtually debt free country (current international debt at $440 million), an enviable position to be in considering the current economic climate.
Algerian officials have on many occasions expressed their willingness to welcome foreign investors and made it public that, along with many attractive incentives, 20bn Euros is awaiting foreign investors who are able to bring their know-how and expertise to contribute in building a strong and sustainable economy and reap great financial rewards in exchange. Algeria is seeking long lasting partnerships with the West and leading economies based on equality, understanding and common interests under a win-win formula as recently stated by The President of Algeria, Abdel-Aziz Bouteflika.
Within the country’s development program (2010-2014) which is on stream with an envelope of more than $380 billion, Algeria is seeking a progressive transition into a Market Economy and intends to invest over $286 billion towards projects that are of national interest promoting massive job creation, the emergence of a strong private sector and satisfying a booming local market.
Sectors like infrastructure construction and upgrading, SMEs, Renewables and Waste Management, Education and Professional Training, banking, financial Services and Islamic Finance, Information Technology, Telecoms, R&D and innovation, Tourism and Agriculture are top priority in Government policies.
UK trade exchange with Algeria has more than doubled in the last 5 years reaching £867million. British expertise in innovation (R&D), strong customer service and Know-How could well compliment the booming Algerian Market; hence the government invites British Companies to form a strong partnership with public and private companies in the different sectors of the economy.
If you would like to pre-register your interest then please complete the form below :
A full prospectus detailing the full programme and costs will be e-mailed to you just as soon as it is available
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