Algeria invested US$28.8 bn in H1 2011

Algeria invested DZD2,104.6 billion (US$28.8 bn) during the first half of 2011, according to a report on economic and social achievements released Monday by Prime Minister’s Office. The bulk of these investments were made by the national public and private sectors, and in this category, investments financed by the state capital budget reached DZD1,190 billion (US$16.3 bn), whereas projects financed by the National Investment Fund amounted to DZD176 bn (US$2.4 bn), the while the private sector invested DZD229.1 bn (US$3.1 bn), of which DZD46.1 bn representing investments made as part of micro-credit programmes, DZD21.08 bn in the sector of agriculture, and DZD161.9 bn projects financed by banks, minus ANSEJ programme and agriculture, the source said.