Algeria to invest $156bn in new infrastructure projects

21 February 2011

Algeria's infrastructure is set for an improvement after it revealed a $156 billion (£96 billion) investment in new projects.

As well as this, there will also be £130 billion spent on existing developments, with rail, road and water projects all set to be enhanced.

The plan is being outlined at the inaugural Intermat Middle East, which runs from March 28th to 30th and is the international exhibition for machinery, materials and equipment for construction and infrastructure.

Maryvonne Lanoe, exhibition manager, said: "Intermat Middle East provides an ideal networking platform for infrastructure, business development and growth, as required by various countries in the region."

Among the sectors that will benefit from the newly-launched schemes are transport, housing and public works.

Maud Carcy, communications director of the organisation, noted Algeria's participation highlights the importance of attracting worldwide partners in the industry, in order to take advantage of their "know-how and technical support".
 


Categories: General, Transport, Water

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