Algeria News & Events, Latest News for Algeria

Update: Monday, 14 April 2008    

10 billion dollars Arab investment projects

Waiting for real estate problem settlement:
Tuesday Jun 26 2007.

well informed revealed that negotiations have been held in order to materialize Arab investment projects especially Emirate ones. The project’s sectors include tourism, services, agri-food industries, hotels, energy and computing.

Investments earmarked amounts are estimated at 10 billion dollars, but the problem still raised by foreign investors is real estate.

In this respect, some Emirate companies launched investment projects in Algeria namely hypermarkets and tourist hotels initiated in Sidi Fredj, which is estimated at a billion dollar and is likely to create 10 000 jobs. Another project is the aluminum factory in Beni Saf, in addition to a power station, a maritime industrial base, exploration equipment manufacturing unit, water desalination station, oil refinery, and maritime equipment maintenance.

As for the great sought-after project, it lies in the establishment of computer manufacturing factory with a 6 million units production yearly capacity.

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