Newly released market study: Algeria Infrastructure Report 2016

Falling global oil prices have had a huge impact of government revenues in Algeria, in turn resulting in delays to major public infrastructure projects and a downturn in private investor interest in the leading oil and gas sector . The country's large infrastructure deficit, particularly in terms of residential and social infrastructure, will ensure some level of growth is maintained over the forecast period. Similarly, government moves to diversify the economy by expanding domestic production/manufacturing capacity and establishing a position as a regional trade hub will attract some level of investment, particularly from increasingly important economic and trading partner China.

Forecasts and Latest Updates

Earlier in 2015 the government announced plans to invest USD215bn on infrastructure during 2015-2019. The funds will primarily be spent on hospital construction and renovation, transport infrastructure, ports/airports, and wastewater management and desalination as part of ongoing attempts to quell social unrest and stimulate economic growth.

Full Report Details at
- http://www.fastmr.com/prod/1112367_algeria_infrastructure_report.aspx?afid=301

With oil revenues declining by 50% in 2015, Algeria has however cut the 2016 government budget by 9% and is increasingly reliant upon reserves to bolster public spending plans. As such it is unclear if the 2015-2019 development plan will be fully enacted and we have revised downwards our forecasts for growth in the construction sector with construction industry value expected to show real growth of 2.87% in 2016, followed by average annual growth of 4.8% over the remainder of the forecast period to 2025.

Budget constraints mean that several projects, such as the 8km northern extension of Algiers metro Line 1 have been put on hold. Studies on the nine-station extension from Place des Martyrs to Chevalley had been concluded, but Entreprise Metro d'Alger (EMA) does not have the financing in place to proceed with works.

The Algeria Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Algeria Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Algerian infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Algeria to test other views - a key input for successful budgetary and planning in the Algerian infrastructure market.
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