Economy

Mr. Benabderrahmane: Real estate will be managed in the future according to a purely economic approach and in full transparency

The Prime Minister, Minister of Finance, Aïmane Benabderrahmane, affirmed, Monday in Algiers, that real estate will be managed in the future according to a purely economic approach and “in full transparency”.

Mr. Benabderrahmane indicated, during the closingof the proceedings of the national conference for industrial recovery held at the International Conference Center, that owning to the “extreme importance” of industrial property as an “essential element” in the industrial production process, “The President of the Republic, Mr. Abdelmadjid Tebboune, ordered the government to purify industrial, agricultural and tourist real estate and work to ensure its optimal exploitation and valorize its role in boosting development, after it was the easiest andmost widely used method for looting public money and for speculation.

He stressed that, as part of “the preliminary results of the census showed more than 628 operational activity areas and 65 operational industrial areas,” noting that “this important industrial real estate pool is distributed over 54 provinces of the country, with a total area of ​​more than 27 thousand hectares.”

The Premier added that the preliminary results “showed approximately 14,700 plots of land that were granted and are not yet exploited,” noting that he had given “the necessary instructions in order find the operational pattern to address this problem before the end of the current year.

Mr. Benabderrahmane said : “We were surprised by the results regarding the granted and unused industrial, agricultural and tourist real estate,” noting that these results “reveal some practices that exploit real estate for other purposes instead of investment,”.

He stressed that the state decided to retrieve this real estate and grant it to real investors.

The Prime Minister underlined that this process “will be reinforced by the National Agency for Industrial Real Estate, which is being established and which will constitute a radical solution to the issue of real estate. The Agency will be managed in the future according to a purely economic approach and in full transparency, away from the direct interventions of various departments.”

Aïmane Benabderrahmane stressed that the government will continue to work “relentlessly” according to a well-studied plan to revive industrial production, recalling that the industrial policy, which the President of the Republic aims to put into practice, meets to the aspirations of all actors in the national economic sphere with all its components.

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