Industry in Algeria

  • Algeria targets pharmaceutical production

    ALGERIA, 2015/12/26 A drive to attract foreign investment in Algeria’s pharmaceuticals industry, part of a wider bid to diversify the economy and become a major exporter of pharma products, looks to be yielding results. As the second-major pharmaceutical market on the continent next South Africa, with annual sales of $3bn, hydrocarbons-rich Algeria is a particularly attractive to international drugs companies. Comparative advantages Request for medication is growing at double-digit rates, driven by a range of different factors. One of the biggest contributors to rising sales is 39.5m-person Algeria’s changing demographics, which are characterised by rising numbers of adolescents and the elderly as a proportion of the total people, according to the UN. Algeria’s age dependency ratio, which measures those under the age of 15 or over the age of 64 as a % of the working-age people, stood at 52% last year, as per World Bank figures.
  • Prime Minister Abdelmalek Sellal

    ALGERIA, 2015/08/24 Prime Minister Abdelmalek Sellal stressed Thursday during his working and inspection visit to the province of Constantine the need to move towards biotechnology, considered as the therapy of the next, to be at the forefront of the field of pharmaceutical industry. While he laid the foundation stone of an insulin unit and inspected a project of a pharmaceutical unit of Saïdal group at the industrial zone of Constantine, Sellal called ob the group managers to vary production and ensure at least 30 % of national production. Prime Minister recalled that Algeria currently has 600-700 public pharmacies, adding that national will focus on production as the management of those pharmacies should be left to professionals.
  • Algerian-Prime-Minister-Abdelmalek

    ALGERIA, 2014/11/13 Prime Minister Abdelmalek Sellal inaugurated Monday car manufacturing plant Renault in Ouled Telat, Oran (432-km west of Algiers). The inauguration ceremony was attended by two French senior officials, namely the minister of Foreign Affairs and International Development, Laurent Fabius, the minister of Economy,Industry and Digital Data, Emmanuel Macron, and the CEO of Renault Group, Carlos Ghosn. Set up over an area of 151 hectares, in Oued Tlelat, in the south of Oran, the project has cost so far nearly EUR50 million, and is expected to raise investments until EUR800 million on the mid-term.
  • China signs deal to produce 10,000 vehicles per year in Algeria

    CHINA, 2013/11/13 Chinese national manufacturer FAW is to build an assembly plant in Algeria producing 10,000 vehicles per year under an agreement signed with private Algerian firm Arcofina, the company's CEO said. The transaction provides for an initial investment of five billion dinars ($61 million), Arcofina CEO Abdelouahab Rahim said at the signing of the agreement in Algiers on Saturday, adding that the figure will rise. To conform with Algerian law, Arcofina will own 51 % of the plant and FAW 49 %, with the aim of reducing the Chinese manufacturer's share to 40 % next three years, Rahim said. FAW is to build assembly plant in Algeria producing 10,000 vehicles per year under agreement signed with Algerian firm Arcofina.