Algerian government to establish 50 new industrial zones to facilitate land access to investors
(Ecofin Agency) - In a bid to attract more investments and preserve those it currently has, the Algerian government announced that it “will gradually establish 50 new industrial zones throughout 39 wilayas, with long term loans from the National Investment Fund”. The zones should facilitate investors’, both local and foreign, access to industrial land. The announcement was disclosed in the action plan which the government plans to submit to the parliament soon.
“The creation and management of the industrial zones will, according to the document, take place following a new approach, even at the stage of concession to local operators ready to invest in the industrial sector, offering services of adequate quality. Despite challenges in public finances, the government will maintain the various advantages it provides to investors under the Investment Code,” indicates Le Temps d’Algérie.
The industrial zones should be welcomed by investors as they often complain, recently even at the Bourmerdès agro-food fair, of the various administrative and technical challenges they encounter when acquiring or leasing lands.