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Council of Ministers: Lifting obstacles for 679 investment projects out of a total of 877 projects

Obstacles have been lifted from 679 investment projects out of a total of 877 projects, according to a statement issued by the Council of Ministers, chaired by the President of the Republic, Abdelmadjid Tebboune, today.

The statement explained that, in implementation of the order of the President of the Republic, during the Council of Ministers, on November 21, 2021, with the aim of following up and addressing projects nationally, case by case, the mediator of the Republic made, during the meeting, a presentation on the status of pending investment projects in various fields.

Accordingly, the statement added, the mediator of the Republic stated that obstacles had been lifted from 679 investment projects, out of a total of 877 projects, by handing over exploitation licenses and entering into production, explaining that “the projects from which restrictions were lifted are distributed across 40 provinces, and provide 39,242 jobs.”

Following this presentation, the President of the Republic gave instructions and directives represented in the necessity that “the presentation of the census process, at every meeting of the Council of Ministers, includes, in all accuracy and transparency, the location and nature of projects, the type of obstacles, and the number of positions created, actually, in order to highlight the efficiency of the process of removing administrative obstacles, in front of All investment projects.

The President of the Republic also stressed “the necessity of distinguishing, in the census process, between suspended creative projects of wealth with a weighty value, and actual jobs, and between suspended projects for simple technical reasons.”

The President of the Republic also ordered to “include in the offer of the intermediary of the Republic, the financial value in national and foreign currencies, for investment projects, subject to lifting the freeze.”

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