Economy

Minister of Industry: Reviving the activity of 51 public economic institutions

Industry Minister Ahmed Zeghdar announced, yesterday, Wednesday the launch of a program to revive 51 public economic institutions within the framework of the government’s action plan.

During his participartion as a guest on the public television channel, the minister said that the government seeks to revive the activities of 51 public economic institutions in partnership with national or foreign operators.

In this context, the minister affirmed that the state granted more than 1,200 billion dinars in the past years to clear these institutions, but without reaching the desired goal, as these companies, according to him, suffered rom the accumulation of debts as a result of several factors, including the outbreak of the Coronavirus pandemic in 2019 and 2020.

Amongo the projects that will be completed in this field, the minister revealed the conclusion of an agreement next week between the National Company for Electronic Industries of Sidi Bel Abbes with an international Italian company to produce batteries for electronic panels, with an integration rate of more than 60 percent during the next 5 years. The implementation of this agreement will involve the University of Sidi Bel Abbes and research centers for the transfer of technology in this new industry in Algeria.

He continued, “There are a real will, and the ministry is required to submit a detailed report every two weeks to the government to see the progress of implementing the procedures for removing obstacles to these projects.”

With regard to industrial real estate, the minister assured that the legal texts related to the establishment of the National Agency specialized in industrial real estate are about to be completed and will be available before the end of the year.

According to the figures provided by the minister, more than 14,000 unused plots of land were inventoried. The ministry seeks to recover these properties that have not been exploited in order to distribute them in a transparent, fairway and in accordance with the evaluation of the investment profitability, as well as in terms of the number of jobs that will be created, while the priority of investment will be determined by regions.

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