{"id":93992,"date":"2023-12-06T23:24:29","date_gmt":"2023-12-06T22:24:29","guid":{"rendered":"https:\/\/jazairhope.org\/?p=93992"},"modified":"2023-12-06T23:24:29","modified_gmt":"2023-12-06T22:24:29","slug":"report-on-algeria-construction-market-overview-2022-2027","status":"publish","type":"post","link":"https:\/\/jazairhope.org\/en\/report-on-algeria-construction-market-overview-2022-2027\/","title":{"rendered":"Report on Algeria Construction Market Overview (2022-2027)"},"content":{"rendered":"<p>The Algeria construction market exhibited a robust size of $41.3 billion in 2022, with a projected Annual Average Growth Rate (AAGR) of over 4% anticipated during 2024-2027. This growth is primarily attributed to the government\u2019s initiatives to expand renewable energy resources and reduce carbon emissions by at least 7% by 2030. The report presents a comprehensive analysis of the Algeria construction industry, offering insights into market size, key sectors, major players, and future growth prospects.<\/p>\n<p><strong>Market Dynamics:<\/strong><\/p>\n<p>The construction market in Algeria is poised for growth, driven by the government\u2019s commitment to renewable energy and carbon reduction targets. The report underscores the significance of these factors in shaping the industry landscape, with an emphasis on the government\u2019s ambitious tourism development plan and investments in chemical and pharmaceutical manufacturing plants.<\/p>\n<p><strong>Key Sectors:<\/strong><\/p>\n<p>The report identifies key sectors within the Algeria construction market:<\/p>\n<ol>\n<li><strong>Commercial Construction:<\/strong>\u00a0The sector encompasses leisure and hospitality, office buildings, outdoor leisure facilities, retail buildings, and other commercial constructions. The government\u2019s tourism development plan is expected to drive growth, targeting over three million tourists and new tourism destinations by 2024.<\/li>\n<li><strong>Industrial Construction:<\/strong>\u00a0This sector includes chemical and pharmaceutical plants, manufacturing plants, metal and material production, and waste processing plants. Government investments in chemical and pharmaceutical manufacturing plants and industrial zone development will support sector growth.<\/li>\n<li><strong>Infrastructure Construction:<\/strong>\u00a0Encompassing rail and road infrastructure, this sector\u2019s growth is propelled by the implementation of various infrastructure and transportation projects.<\/li>\n<li><strong>Energy and Utilities Construction:<\/strong>\u00a0Including electricity, power, oil and gas, telecommunications, sewage, and water infrastructure, this sector will benefit from the government\u2019s commitment to increasing the share of renewable energy in the total energy mix.<\/li>\n<li><strong>Institutional Construction:<\/strong>\u00a0Educational, healthcare, institutional, research, and religious buildings constitute this sector, with forecasted growth driven by increased investments in healthcare, education, and religious infrastructure.<\/li>\n<li><strong>Residential Construction:<\/strong>\u00a0This sector, covering single and multi-family housing, is set to grow with the government\u2019s plan to provide affordable housing, targeting more than 579,000 housing units by 2024.<\/li>\n<\/ol>\n<p><strong>Competitive Landscape:<\/strong><\/p>\n<p>Leading the market in 2022, Petrofac Ltd is identified as a key player, alongside Cosider Groupe SpA, Rizzani de Eccher SpA, Groupe ETRHB HADDAD, and Ferfina SpA. Foreign contractors dominate the project pipeline in the Algeria construction market.<\/p>\n<p><strong>Consultants:<\/strong><\/p>\n<p>Key consultants such as Dar Al-Handasah Consultants Shair and Partners Holdings Ltd, John Wood Group Plc, Kecc Group, Saman Corp, and Compagnie De l\u2019Engineering de l\u2019Electricite et du Gaz play crucial roles in project development, with Dar Al-Handasah Consultants leading in 2022.<\/p>\n<p><strong>Latest Developments:<\/strong><\/p>\n<p>The report highlights a significant growth rate in the industry\u2019s value-add in Q1 2023, preceded by a YoY growth of over 2% in Q4. This growth underscores the industry\u2019s resilience and potential for further expansion.<\/p>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>Algeria\u2019s construction market presents lucrative opportunities, fueled by government initiatives and sector-specific developments. Investors, contractors, and consultants can leverage this report to make informed decisions and tap into the burgeoning construction landscape in Algeria.<\/p>\n<p>Source : <a href=\"https:\/\/internationalsupermarketnews.com\/report-on-algeria-construction-market-overview-2022-2027\/\">https:\/\/internationalsupermarketnews.com\/report-on-algeria-construction-market-overview-2022-2027\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Algeria construction market exhibited a robust size of $41.3 billion in 2022, with a projected Annual Average Growth Rate (AAGR) of&hellip;<\/p>\n","protected":false},"author":50,"featured_media":93996,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[12,4],"tags":[],"class_list":["post-93992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - 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