UK Foreign Office assured Friday potential British investors about the business climate in Algeria, saying "politically, Algeria is stable."
In a guidance report, entitled "Overseas Business Risk – Algeria," it has published on its website on 10 September 2014, the Foreign Office gives useful information about the country on several issues, including politics, economy, corruption, human rights, terrorist threat, protection of intellectual property and copyright as well as organized crime.
The UK institution says in the report that "the Algerian government launched a five-year investment programme, worth USD285 billion, for the period 2010 – 2014 and has announced a similar plan for 2014-2019."
Outside of hydrocarbons, the report underlines, "there are opportunities across the board, in healthcare, education (particularly English language, technical and vocational training), infrastructure (engineering, design and project management), agriculture, retail, and professional services (finance, accounting, legal)."
The Foreign Office stresses that "Algerians are open to the UK, the bilateral relationship is in excellent shape, and companies can rely on HMG support."
"HMRC figures show that UK-Algeria bilateral trade is increasing with the UK ranked, for the first time, as 10th largest supplier during 2013. Exports in 2013 reached £529m and are on course to match that in 2014."