According to recent reports, Algeria's government is finalizing a draft executive decree that provides a list of strategic activities/sectors in relation to the country's foreign investment rules. The rules regarding the 51%/49% ownership restriction for foreign investment in Algeria were relaxed as part of the 2020 Finance Act, except for strategic activities/sectors, i.e., foreign investment (ownership) in strategic activities/sectors is limited to 49%. In this context, the list of activities considered strategic fall within the sectors of energy and mining, transportation and public works, and the pharmaceutical industry.