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African Development Bank (Abidjan)

"Algeria's Economic Recovery is Strengthening" - AfDB

According to the African Development Bank's 2024 African Economic Outlook, Algeria's economic recovery is strengthening and its gross domestic product (GDP), which increased by 3.6 percent in 2022 and 4.2 percent in 2023, is set to be 4.0 percent in 2024 and 3.7 percent in 2025. Employment patterns show a move towards the services sector to the detriment of agriculture and manufacturing industry, emphasizes the report, nonetheless noting that the structure of GDP has not fundamentally changed and that the country should implement further reforms to speed up the structural transformation of its economy. Find out more. 

More on the AfDB AllAfrica page.

Documents

Sonelgaz | IFEG

GE will collaborate with Algeria's Sonelgaz SPE, a subsidiary of Sonelgaz, in a landmark deal that will lead the digital industrial transformation of Sonelgaz’s plants throughout Algeria and strengthen local capabilities. It is the largest services deal in GE Power’s history.

GE

Algerian Energy Company’s Hamma Seawater Desalination Plant, located along the Mediterranean Sea near the Port of Algiers.

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