 CONCLUSION |
In the 1980s the country's economy was in bad shape because of the former socialist system, then in the 1990s the civil war submerged the country into ten years of chaos and darkness.
Algeria now has to catch up with 20 years of underdevelopment, and the business opportunities are boundless. Not only is it a market of over 30 million people with a $50 billion GDP, but it also represents an economy that has, until now, been practically closed to foreign investment. Today there are only a handful of joint ventures partnerships (except in the hydrocarbons sector) across the country.
| Major privatization deals might not be in the cards just yet, but strategic partnerships and joint ventures are opening up the economy, and offering the chance for international companies to enter a market that is virgin and eager to develop. |
ALGERIA,
