In line with naseba’s focus on the emerging markets, a few months ago – naseba opened an office in Algiers, Algeria to have immediate and direct access to the Maghreb region — Libya, Tunisia, Algeria and Morocco.
Maghreb is a massive growth market.
Just in Algeria alone, the government recently began a five-year, $286 billion program to modernize infrastructure – and is investing heavily in its infrastructure.
Algeria is the world’s fourth-largest exporter of natural gas and has the world’s eighth-largest natural gas reserves and some of the largest oil reserves in the world – but has a target of 20% of electricity generation from renewables by 2030 and is investing heavily in renewable energy.
In 2013, we have hosted and are hosting business meetings, summits and investor intiatives in Algeria, Tunisia and Morocco – in the first quarter of 014, we are hosting 3 business summits in Libya.
6 months ago, naseba was honored to have the President of Algeria support and endorse a business to business summit we held in Algiers which focused on the opportunities in the healthcare infrastructure in the Maghreb region.
Last week, I was back in Algiers and met with our government partners – and at dinner one night, the Harvard educated liaison to the President asked me what my friends in America think of me doing business in Algeria and Libya …
But before I could answer, he quoted the Robert Frost poem “ the road not taken …” which is a big theme in many of my blogs, and the way I live my life:
“I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.”