Algeria targets $500mn investments in Egypt’s real estate and energy sectors

The Algerian government plans to sharply expand its investment footprint in Egypt, aiming to reach $500mn investments in 2026, a substantial rise from $55mn recorded this year, Asharq Business reported on December 9, citing a senior Egyptian government official. 

The initiative comes as Egypt introduces a series of incentives to attract Algerian investors, including granting the Golden License to Algerian companies, simplifying procedures for establishing industrial ventures, and reducing industrial land prices to support new manufacturing projects.

The official noted that Cairo and Algiers have also agreed on full coordination in the liquefaction and export of natural gas, as both countries move to enhance regional energy cooperation.

Meanwhile, five major Egyptian companies are pursuing infrastructure opportunities in Algeria, with potential projects valued at $9bn over the next five years. The firms include El Sewedy Electric (SWDY: EGX), Petrojet, Orascom Construction (ORAS: EGX), Arab Contractors, and Hassan Allam Holding (HAVC: EGX), targeting sectors such as energy, construction, and industrial development.

The growing economic engagement is mainly driven by shared priorities in energy, industrial expansion, and large-scale infrastructure development. Both governments expect the strengthened cooperation to boost trade flows and open new investment avenues across North Africa.

Economic cooperation between Egypt and Algeria is gaining momentum. Recently, Egypt’s Ministry of Petroleum and Mineral Resources announced it received a high-level delegation from Sonatrach, headed by CEO and General Manager Noureddine Daoudi, to discuss further cooperation in the energy sector.