The Algerian Investment Promotion Agency has greenlit 79 real estate parcels, covering an area of 197.5 hectares, to be showcased on its digital platform for investors. This move aims to provide economic real estate for investment projects and facilitate access to available opportunities for investors. The decision was made during the agency's second ordinary session, chaired by Abdelrazak Azzab, with the participation of Omar Rkash, the agency's general manager.
The approved parcels are distributed across eight provinces: Bordj Bou Arreridj, Medea, Oran, Oulad Djellal, Ghlizan, Tindouf, Saida, and Batna. They will be displayed on the investor's digital platform, allowing interested parties to view and apply for them according to established procedures. This process is part of the agency's efforts to digitize the presentation of economic real estate and direct it towards investment projects.
The agency's board of directors also examined applications from investors whose projects were shortlisted to benefit from the real estate parcels previously showcased on the digital platform. As a result, 17 investment projects were approved to benefit from economic real estate. The board's meeting focused on two main axes: approving new real estate parcels for digital display and reviewing and deciding on investment project applications.
The Algerian Investment Promotion Agency's board of directors comprises the general secretaries of various ministerial sectors, including foreign affairs, hydrocarbons, mining, local authorities, finance, industry, agriculture, energy, and others. The agency's decisions reflect its continued efforts to activate mechanisms for providing economic real estate and directing it towards investment projects.
The approved projects align with the agency's goals to provide a clearer vision of available parcels for project holders. By digitizing the presentation of economic real estate, the agency aims to enhance transparency and facilitate access to investment opportunities. This move is expected to boost investment in Algeria and promote economic growth.
The Algerian government has been taking steps to improve the business environment and attract foreign investment. The Investment Promotion Agency's efforts to provide economic real estate and facilitate access to investment opportunities are part of these initiatives. The agency's actions are expected to contribute to the country's economic development and job creation.
The approved real estate parcels will be showcased on the agency's digital platform, allowing investors to explore opportunities and apply for them. The agency's continued efforts to provide economic real estate and facilitate access to investment opportunities are expected to have a positive impact on Algeria's economy.
Key points
- The Algerian Investment Promotion Agency has approved 79 real estate parcels, covering an area of 197.5 hectares, for investment projects.
