Algeria : new government measures to regulate industrial estate market

The Algerian government has adopted a string of new measures aimed at better regulating the industrial estate market in Algeria by making it more enticing to both national and foreign investors.

The Algerian government has adopted a string of new measures aimed at better regulating the industrial estate market in Algeria by making it more enticing to both national and foreign investors.

The government decided, among other things, to review the conditions for the assignment of plots of land, belonging to the state, with the enforcement of a new lease spanning 99 years with a possibility of renewal.

These incentives measures are mainly designed to open the industrial estate market in Algeria to potential investors.

Well informed sources say that over 22 thousand hectares of land,  mainly devoted to productive industrial investment,  are now forsaken or neglected .

But, the latest government regulations are geared to attracting national and foreign business operators by turning these lands, with the state support, into genuine industrial expansion zones in the near future.