Algerian businesses benefitting from new investment rules ...Kuwait

The New Arab - News
Algerian businesses benefitting from new investment rules
source : The New Arab ( Kuwait ) () 25
Algerian businesses say they are starting to benefit from new rules to encourage investment and exports in one of the world's most closed economies, but they fear a petrodollar windfall could push the government back to its state-heavy model. Recent rules aimed at diversifying the economy to reduce reliance on oil and gas sales include a new investment code that came into force this month and cash incentives to non-oil exporters. "Algeria is in a real race against time. It has to secure revenues away from oil and gas before prices are crushed again," a former government minister, who still advises on economic issues, said on condition of anonymity. For decades Algeria

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