MARCH 11, 2000 - 78th. ISSUE
Defense
MAGHREB DEFENSE SPENDING
According
to the International Institute for Strategic Studies, the Arab countries
are the world's leading weapons market, both in absolute terms and as
a percent of gross domestic product.
FIRST TEST FOR TELECOM REGULATORY AGENCY A.N.R.T.
A
Process Likely to be Closely Monitored by Foreign Investors
The Moroccan telecom
regulatory body, ANRT, has been called for the first time to mediate
in a dispute between the state-owned phone company Maroc Telecom and
the newly establish private GSM mobile phone operator, Meditelecom.
Energy/FDI
BP-AMOCO AGREES TO INVEST $1.6 BILLION IN IN-SALAH
At the
end of February 2000, the giant oil company BP-Amoco announced that
it had agreed to partner with Sonatrach to develop the gas fields located
in the Saharan region of In Salah in central Algeria.
Government
CABINET RESHUFFLE EXPECTED
When
King Mohammed VI met with the country's main political leaders, rumors
started growing in Morocco regarding an imminent cabinet reshuffle.
FDI-ALGERIA
NEW CALL FOR "IMAGINATIVE" INVESTMENT FROM U.S.
Recently
on Algerian television, President Bouteflika called for increased foreign
direct investment (FDI) into Algeria, particularly from the EU countries,
China, and the US. Algeria's ambassador to the US, Idriss Jazairy, told
the North Africa Journal this week that he felt the time had come for
American and Algerian governments and business to be "more imaginative,"
particularly in finding ways to invest in industries downstream from
the hydrocarbons industry, such as petrochemicals, as well as in the
IT, telecommunications, manufacturing, and medical technology sectors.
Automobile
Assembly in Algeria
INTERESTED BUT NOT COMMITTED YET
A number
of foreign auto makers that have taking part to the fourth international
auto show in Algiers said they are interested in responding to Algeria's
call to set up an assembly plant there. But so far Algeria has not been
able to attract any auto manufacturer yet and this is in spite of years
of negotiations with Italy's FIAT.
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