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