Middle East Economic Survey
Algeria Approves Five-Year Plan To Diversify Economy
The Algerian government approved on 24 May a $286bn five-year investment plan that aims to boost infrastructure as well as diversify the countrys economy away from oil dependency. Hydrocarbons account for about 97% of Algerias export earnings. The 2010-14 economic and social development plan will see $156bn invested in new projects as well as $130bn spent on existing programs,...