Algeria has published Executive Decree no. 21-145 in the Official Gazette, which provides the final 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 final list of activities considered strategic include: Activities related to the pharmaceutical industry sector, including manufacturing of pharmaceutical products and medical devices, wholesale of such products and devices, contract research, and certain others;...