Algeria takes new measures for housing projects

Algerian housing minister Abdelmadjid Teboune said the government will take new measures to encourage national and foreign private investors to establish modern units for housing industrialization.

“The State offers all the easing procedures and guarantees for private investors who want to set up housing plants. Those measures include guaranteed purchasing contracts for enterprises which build houses in an industrial way,” Teboune said during an international building fair.

“This aims at speeding up and modernizing houses construction and have control over projects cost. The government prepares the new five-year-plan 2015-2019. A large number of housing projects will be launched,” he added.

The minister also said cement national production exceeds 19 million tons per year. It is expected to be multiplied on middle term following the creation of 7 new public and private plants in collaboration with Lafarge company.

“Importing does not go beyond 2 or 3 million tons per year to cover national needs estimated at 21 million tons. Algeria may become a cement importing country in the next five years,” he said.