Algeria, the second largest gas exporter and the 14th richest country in oil reserves in the world, is one of the fastest growing economies in Africa. With a population of over 32 million and a per capita income of about $5,900, the country has one of the most affluent and high spending populations in the region.
Close on the heels of the privatization of the electricity, oil and gas sectors, the Algerian government recently moved toward resolving the growing demand for housing in the country by opening the housing sector to private investment.
Algeria’s housing demand stands at about two million units, and the government has drawn up plans to construct one million in next few years. Meanwhile, it has also set up an investment company, OPGI, with an outlay of nearly $30 million to build housing and trade centers in the Algiers region and will buy and renovate old buildings in the cities of Oran and Annaba.
Algeria has more than 5.4 million residential apartments, mostly owned by the government, built in the 1960’s that are now up for renovation and reconstruction. The National Agency for the Improvement and Development of Housing (AADL) will spearhead the reconstruction program and build new housing units, as a part of the Algerian government’s overall plan to construct one million new housing units.
New-Fields Exhibitions, your window to the world of emerging markets, was quick to recognize the huge market for products and services related to kitchen, bath and lighting in the booming Algerian housing industry, and made plans to hold the Algeria Kitchen Bath and Lighting Expo in Algiers, Algeria on December 5-7, 2016. The goal of the event is to bring together companies representing all regions of the globe to display the best products, interior designs and services related to kitchen, bath and lighting. Join us in what will be one of the year’s most important events for the Algerian housing industry!
2,381,740 sq. kms
Petroleum, Natural Gas, Iron Ore, Phosphates,
Uranium, Lead and Zinc
39.21 million (2013 est.)
Currency Value in Algerian Dinar:
Australian Dollar 72.16
210.2 billion USD (2013 est.)
GDP-Real Growth Rate
3.1% (2013 est.)
5,360.70 USD (2013 est.)
4.52 % (2015 est.)
Major Trading Partners
France, U.S., Italy, Germany, Spain, Netherlands, Canada, Turkey and Brazil