President Tebboune orders a review of the conditions and modalities for granting economic real estate destined for the realization of investment projects – Al-Hiwar Algeria

Abdel Majid Tebboune, President of the Republic, Supreme Commander of the Armed Forces and Minister of National Defense, chaired today a meeting of the Council of Ministers.

With regard to a draft law that defines the conditions and modalities for granting economic real estate belonging to the private property of the state and directed to the completion of investment projects, the President ordered a review and enrichment of the content of the draft law, taking into account the following directives:
That the spirit of the law be based on the freedom of the citizen to invest in his field of competence, and to avoid the dangerous deviations that the country has known in the field of industrial real estate.
The President of the Republic emphasized that granting real estate for economic purposes should be accompanied by real legal flexibility to encourage and attract investments, taking into account the higher interests of the state and relying in such operations entirely on the digital system, in order to avoid bureaucracy, since the single window system aims to complete projects in the fastest and most effective way.
And that the draft law takes into account an equal distribution of investment projects across the entire national territory, and the quality and objectives of investment projects according to the specificity and efficiency of the regions.