Business Services Industry
CANADIAN INVESTMENTS VALUED $100 MILLION
Info-Prod Research (Middle East), November, 2005
According to Al-Khaleej newspaper (November 1, 2005), Robert W. Peck, Canada's Ambassador in Algeria, estimated the value of the direct Canadian investments in Algeria at $100 million. The ambassador added that these investments are pumped into 47 enterprises in varied Algerian governorates. The official added that the Canadian SNC-Lavalin Group controls the majority of these investments.
SNC-Lavalin is Canada's largest engineering company and one of the world's biggest engineering, construction and infrastructure management firms, with offices across Canada and in 30 countries around the world. The 825MW Skikda Power Project is under construction in the Algerian coastal city of Skikda. Completion is planned for May 2006. The project was awarded to SNC Lavalin Constructors...
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