January 24, 2024

Algeria Construction Industry Report 2023: Output Grew by 2.4% in 2023 Supported by Increased Oil and Non-hydrocarbon Exports and Stronger Public Finances – Forecasts to 2027

DUBLIN, Jan. 24, 2024 /PRNewswire/ — The “Algeria Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027” report has been added to ResearchAndMarkets.com’s offering.

Following an annual growth of 3.3% in 2022, the publisher forecasts the construction industry in Algeria to grow by 2.4% this year, supported by increased oil and non-hydrocarbon exports and stronger public finances.

According to Sonatrach, the national state-owned oil company of Algeria, the company’s oil and gas earnings in the first five months of 2023 reached at DZD3.1 trillion ($21 billion), up by 2% from the same period of 2022. Furthermore, the Algerian government set an ambitious target of doubling the non-hydrocarbon exports to DZD2.2 trillion ($15 billion) by the end of year 2023.

The industry’s output is expected to grow at an annual average rate of 4.2% between 2024 and 2027, supported by the government’s efforts to expand renewable energy resources. Forecast-period growth in the construction industry will also be supported by the government’s aim to decrease carbon emissions by at least 7% by 2030.

Sonatrach announced in January 2023 that DZD6 trillion ($40 billion) will be allocated for the company’s five-year investment plan (2023-27), of which more than DZD4.5 trillion ($30 billion) will be allocated to gas field exploration and production, DZD1 trillion ($7 billion) to refining, petrochemical, and gas liquefaction projects, and DZD149 billion ($1 billion) to energy transition projects.

In the longer term, the government will invest in the construction of a railway network that will expand from 4,200km in 2022 to 12,500km by 2030, including rail lines that will connect mining, gas fields, and construction sites.

Scope

Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Algeria, featuring details of key growth drivers.Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sectorAnalysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using the analyst’s standardized valuation and forecasting methodologies.Assess market growth potential at a micro-level with over 600 time-series data forecasts.Understand the latest industry and market trends.Formulate and validate strategy using the analyst’s critical and actionable insight.Assess business risks, including cost, regulatory and competitive pressures.Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook
4.1 All Construction

OutlookLatest news and developmentsConstruction Projects Momentum Index

4.2 Commercial Construction