Algeria discusses 15 investment projects

Members of the Council of the State’s Participations will meet Prime Minister Abdelmalek Sellal on Thursday to discuss 15 investment projects, Echorouk has learnt.

The Council includes economic sector ministers and large economic public enterprises general directors. It is headed by the Prime Minister. 

The meeting will deal with a number of industrial projects and housing issues. It will also discuss the problems of El Hajar complex as it was nationalized by the government.

The industrial zone issue will be also evoked during Thursday’s meeting. 

According to the same sources, the Council of the State’s Participations will make its decisions depending on Algeria’s financial situation and public enterprises financial capacity.

Many public enterprises need plans to boost their capacity as finance minister Hadji Baba Ami committed to launch new measures to support “needy” enterprises.

The ministry plans to adopt new funding systems for projects to boost small and medium-sized enterprises.

Algeria’s investment rule 51-49 is still criticized by foreign investors. Business climate is still described as “unattractive” due to bureaucracy and Algeria’s banking system.