electro, automation, energy & renewables 2013

Algeria the 3rd largest investor in the energy sector in the MENA region
Investments of 71 billion US $ programmed between 2013-2017

According to Bloomberg (8 October 2012) Algeria will be the 3rd largest investor in the energy sector in the Middle East and North Africa-MENA during the coming five years.

"With investments of 71 billion US$ programmed between 2013-2017 in the energy sector Algeria will rank 3rd, just behind Saudi Arabia (165 billion US$) and the United Arab Emirates (107 billion US$)” indicates Bloomberg citing APICORP-the Arab Petroleum Investments Corporation belonging to OAPEC-the Organization of Arab Petroleum Exporting Countries.

Over the five years to come Algeria will outperform Iran, Iraq and Qatar in terms of investments, on a list of 19 producing countries in the region.The total investment of the petroleum producing countries in the MENA region in the energy sector will amount to 740 billion US$ within 2013-2017.