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Update: Saturday, 15 May 2010    

Two new concession methods

Economic real estate
Thursday Oct 12 2006.

“The presidential ordinance’s novelty is the adoption of concession principle either by auction or by mutual content of state-owned real estate in view of investment”, a National People’s Assembly’s economic commission member told El Khabar.

The economic commission heard yesterday the presentation of Finance Minister Mr. Mourad Medelci on the draft presidential ordinance about state-owned real estate concession ways and means of encouraging investment.

The commission recommended the draft ordinance’s adoption. President Bouteflika enacted an ordinance on August 30th 2006 meant to incorporate “concession principle” in direct investments promotion framework.

According to the same source, this ordinance’s novelty consists in the two state-owned real estate concession methods namely mutual content concession in areas noticing demand shortages, whereas concession by auction is adopted in areas of heavy demand.

It is noteworthy that this ordinance excludes agricultural lands and those situated in mines and oil fields.

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