Jaime Perez-Seoane de Zunzunegui: ALL BLOG POSTS
The private sector in Algeria has certainly gained a foothold in the last two decades, despite it still facing limitations, such as those on imports, that affect its performance. But the results of OBG’s inaugural Business Barometer: Algeria CEO Survey show CEOs to be largely positive about the state of the economy: most
notably, over two-thirds of CEOs said they were likely or very likely to make a significant capital investment, which shows a level of comfort with the rules of the game – and hopefully is also a larger bet on diversification.
After posting results of the OBG Business Barometer: CEO Surveys from countries around the world, including Mexico, the Philippines, Egypt and Saudi Arabia, being able to present the first edition on Algeria is a milestone. The country is full of opportunities and challenges, and certainly demands greater local knowledge than other markets.
Promising developments in the energy sector, driven by new projects coming on stream – notably EOG’s Sercan and BP T&T’s Trinidad Onshore Compression and Juniper projects – together with an uptick in exploration activity, may indicate early signs of recovery that could spill over into other sectors of the economy. In Oxford Business Group’s second OBG Business Barometer: T&T CEO Survey, 60.7% of companies said they were likely or very likely to make a capital investment, up from 44% in November 2016, while 57.1% were positive about local business conditions, a marked rise on the 18% reported last year.