Algerian PM, Ahmed Ouyahia, said the Arab investment projects in Algeria remain inside the figures and estimates reflecting the “lack of seriousness” on the part of the the project leaders.

• Ouyahia explains: “Honestly our friends are not serious in their proposals”.
• The PM told Echorouk, on the sidelines of the meeting to ratify the government’s action plan at the  council of the nation Wednesday, there are projects that found their way to fulfillment, while others remain affected by the global financial crisis.
• Ouyahia did not miss the opportunity to criticize some Arab investors saying that their offers were just designs and false figures, stressing he couldn’t elaborate because of the “friendship duty”.
• Ouyahia evoked the government’s plan to tighten control on the investment when he spoke about the possibility to stop facilities that are granted to investors wishing to establish their projects in the various localities witnessing saturation in order to reallocate the investments and achieve a balance between the north and the south of Algeria, pointing out that the majority of the largest roads and railway lines aim to foster and share out the investments.
• Ouyahia, who focused on the investment sector, warned of the growing bill of imports which exceeds $40 billion saying this rate is “fatal”  for Algeria.
• “  The Government intends to reduce this bill and face it through procedures because the government only imported products in case of need and the private sector is responsible for raising the rate.
•  The Government will take action on the three files and decide on how to support these institutions such as Saidal for manufacturing pharmaceutical products and companies for manufacturing tractors”, he added.
• As for unemployment, Ouyahia revealed that the four months of the current year witnessed the creation of 55.562  new jobs compared to 42.748 in the first six months of 2008.