Algeria’s expansion drive
As cement demand rapidly increases across north Africa, Algeria leads the region’s drive to increase its cement production capacity. Supported by an active housing and infrastructure construction sector, domestic cement demand is expected to remain high, offering plenty of opportunity for existing and new cement plants.
Algeria’s economy is on an upward path with the IMF forecasting 3.8 per cent growth in 2014 and four per cent in 2015. However, lower oil revenues are expected to see the government’s budget deficit deepen. In addition, half of the country’s international trade – mainly fuel, energy and mining output – relies heavily on demand in the EU, which has faced its own challenges. To ensure a sustained future influx of income, the Algerian economy will need greater diversification to wean the country off its oil dependency.