U.S.-Algeria Trade: On It’s Way Up
U.S. exports to Algeria reached record levels during the first four months of 2014, up 50% from the same period last year and surpassing $1.074 billion. This reflects the deepening trade between the two countries and has made the United States Algeria’s largest trading partner.
This growing relationship was apparent at the recent 47th edition of the International Fair of Algiers 2014, where the United States was the “guests of honor.” GE was one of the U.S. companies to participate in the fair, looking to contribute to the further expansion of the two countries’ bilateral economic relations.
The GE stand also served to promote the company’s advanced technologies, equipment and services that are playing a role in Algeria’s ongoing economic and social development. GE works with partners in the country’s public and private sectors, particularly in the fields of healthcare, power & water, oil & gas, and aviation.
In power & water, this includes the Hamma Desalination Plant and the ALGESCO turbomachinery servicing and training center, as well as the presence of GE power technology in 13 power plants representing an installed capacity of 7.9 gigawatts, nearly 50% of the country’s total power generating capacity. In healthcare, GE has the distinction of being the only direct global provider of advanced healthcare technologies in the country. Also, there are more than 2,200 GE healthcare technologies in use, while the GE Healthcare Advanced Applications Center trains thousands of Algerian healthcare professionals.
In transportation, GE Aviation has been serving Air Algérie for more than 16 years and provides nearly 70% of its aircraft with advanced GE or CFM engines. The national rail company, SNTF, operates 24 GE Universal series locomotives.
For more on GE’s four-decade commitment to Algeria’s economic and social development, click here.