Distributed across 28 states.. Displaying 307 real estate containers for project completion – New Algeria

307 state-owned real estate pools, directed to the implementation of investment projects, have been offered through the investor’s digital platform since its launch on February 8, according to what was reported the day before yesterday in a statement by the Algerian Investment Promotion Agency.

The statement stated that since the opening Digital platform for investors Which is considered the exclusive means of processing requests from those wishing to benefit from an economic property to complete a project My investmentTo date, 307 real estate containers with a total area of ​​176 hectares have been deployed, distributed across 28 states.

The process of disseminating the available real estate assets continues to also affect the remaining states, as the Algerian Investment Promotion Agency is updating this digital platform in charge of managing it, on a periodic, continuous and permanent basis.

The agency noted in its statement that it “will work to double the number of real estate listings published in the next batches that will be published immediately after the end of the study period specified for 15 days,” in implementation of the provisions of Law 17/23 issued on November 15, 2023, specifying the conditions and modalities for granting economic real estate intended for the completion of projects. Investment.

As of the day before yesterday (at one o’clock in the afternoon), 1,266 confirmed applications have been registered, while 2,839 applications are under final confirmation by project owners after their choices have been decided upon.

In this context, the Algerian Investment Promotion Agency indicated the end of the legal period for publishing real estate offers, which is set at one month, with regard to the first batch consisting of 17 states that was launched on February 8, 2024, as the agency began studying the applications to then prepare the initial grant decisions that will become Final after the expiry of the legal deadlines for appeals.

The first batch, whose legal tender deadline has expired, includes 168 real estate units, with 792 confirmed applications registered.

In order to adapt the real estate supply to demand and respond to the desires of investors and project owners in terms of the spaces offered and their geographical location, as well as allocating the properties offered according to the nature of activities, “the agency launched an advertisement to express desires by filling out a form that was placed on the agency’s website.” aapi.dzIt includes some indicators such as the nature of the activity, the space required, and the number of location options Job positions The expected amount of investment, the composition of financing, and the space required to implement the investment.

Space was also allocated to present the project and its expected effects on the national economy, the source adds.

In order to correct some of the imbalances that were observed regarding saturation in some activities included in the previously established retail plans, which no longer respond to the needs of the national economy or to the desires of project owners – the statement adds – the agency has adopted a consultative approach with all the active parties from the governors and concerned ministerial sectors, as well as investors and owners. Projects in order to establish a frame of reference for priority activity sectors of the national economy, in accordance with the objectives set by the Investment Law, where “priority will be given to projects for the production of goods and services that substitute for imports, the production of inputs, as well as projects that provide innovative solutions.”

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