Thursday, 16 May 2013

Algeria Petrochemicals Report Q3 2013

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Algeria Petrochemicals Report Q3 2013
May 15th 2013, 00:00

BMI View: While some petrochemicals projects have experienced significant delays, we believe theindustry is on course for strong growth as new plants are opened and domestic demand for plasticaccelerates. The automotives industry is set for expansion while the construction industry should experiencea solid recovery, although overall economic growth will remain below par. However, there will need to begreater focus on adding value to production if the domestic industry is to take full advantage of marketgrowth.The Algerian government set out a US$80bn five-year investment budget in 2012, a US$12bn increase onprevious plans as a result of investment in the country'...

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