ALGIERS – Wednesday, 12 July 2023 (APS) – The members of the People’s National Assembly (Lower House) adopted Wednesday a bill setting out the terms and conditions for the granting of state-owned economic land for investment projects.
The Lower House MPs adopted the bill at a plenary session chaired by Brahim Boughali, Speaker of the Assembly, in the presence of the Minister of Finance, Laaziz Faid, and the Minister of Relations with Parliament, Basma Azouar. The bill is part of the revision of the laws governing investment in Algeria and complements the new investment law.
The bill, which aims to remove all obstacles to investors’ access to economic land, provides for a number of facilitations and advantages.
Moreover, it repeals the provisions of the 2008 ordinance setting the terms and conditions for the concession of land in the State’s private domain for investment projects. It also enshrines the State’s commitment to the prior development of economic land in the private domain before granting it to investors, through public agencies specialized in industrial, tourist and urban land.
In its preliminary report on the bill, the Lower House’s Finance and Budget Committee stated that it had considered 47 amendments proposed to this law and approved several ones. It rejected some provisions and introduced some