Sharing borders with six nations and the Mediterranean Sea, Algeria is the largest country in Africa. Algiers, the country’s capital, is Algeria’s economic hub and largest city ‐ a traditional gateway between Africa and Europe.
Oil and gas make up around 97% of Algeria’s exports. Algeria’s historic dependency on this sector has created problems, and the country’s economic fortunes have fluctuated with the health of the oil market. In recent years, however, Algeria has shown encouraging signs of modernisation, and the government has undertaken steps to diversify the economy.
Traditionally inward‐looking and protectionist, Algeria has lately adopted a more positive approach to international trade. In particular, the government is keen to attract foreign investment in the Automotive, renewable energy, construction and heavy industry sectors. A number of generous schemes are available for savvy entrepreneurs ‐ investors in certain sectors can claim up to ten years exemption, for example.
As the country begins to look outward, Algeria begun seeking out new trading partners. China is now the country’s foremost foreign investor, and Saudi Arabia and the UAE have signed important investment agreements. Algeria has begun negotiations to enter the World Trade Organisation.
Algeria boasts a fascinating history, beautiful beaches and a superb climate – the country has great potential as a tourist destination. Investors will find a stable, modernising economy complete with a young and well‐qualified workforce.
HLB GAAP EXPERT CORP
Established in 2010, the firm provides tax advice, business creation, merger & consolidation services and is based in Algiers the capital city of Algeria.
With strong capabilities in IFRS implementation for clients and Islamic Finance, items which are priorities for firms in Africa and other developing markets, HLB GAAP Expert Corp is an important addition to the network’s global coverage and is working with both HLB African and HLB European members.
HLB GAAP EXPERT CORP
Address: Chevaley Bt A 17 n 383
BOUZAREAH Algiers, Algeria
Telephone: +213 561 695 424
- Financial services
- Mergers and consodilation
Latest insights, case studies and news from across the network
Embracing opportunity while overcoming supply chain challenges
We explore how the pandemic has affected the manufacturing industry and why business leaders are more confident than their global peers and the steps leaders are taking to persevere.
HLB Cross-Border Business Talks Podcast Series new template
An HLB podcast series in which we share our insights and ideas, and welcome guest speakers to keep you informed on cross-border business topics. We provide bite-size analysis on today’s...
Addressing digital weaknesses to fuel growth opportunities: HLB Survey of Business Leaders Financial Services analysis
Through our Survey of Business Leaders, we explore how through identifying priorities and analysing barriers would prove to be the key for growth for financial services business leaders.
Get in touch
Whatever your question our global team will point you in the right directionStart the conversation