The iron ore valorization project at the Gara Djebilet mine is witnessing significant progress, with an investment exceeding $750 million and an annual production capacity estimated at 4 million tons of concentrate iron, along with expectations to create 760 direct jobs and thousands of indirect jobs, as part of supporting the development of the iron and steel industry and enhancing the added value of national resources. The Director General of the Algerian Investment Promotion Agency, Omar Rakach, chaired a working meeting yesterday evening to follow up on the project's progress, attended by the CEO of SONARAM, Redha Belhaj, the Deputy CEO of Tosyali Algeria, Alp Topkoglu, along with representatives from the General Directorate of National Properties and officials from the agency.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Verification of sanctions lists and individuals and terrorist entities within a mandatory 24-hour passage through banking channels for all real estate transactions, allocating more than 20 percent of the chamber's budget to enhance oversight, inspecting all notary offices nationwide in four oversight rounds. Abdel Salam Boujmaline, Vice President of the National Chamber of Notaries, reveals in an exclusive interview with “Echorouk” the behind-the-scenes of the battle Algeria fought to exit the gray list of the Financial Action Task Force “GAFI”, and the role notaries played in achieving this accomplishment, confirming that this gain paves the way for removing Algeria from the European Union's blacklist, which would enhance investor confidence and facilitate transactions.
The U.S. Geological Survey (USGS) revealed massive estimates of undiscovered gas resources in the Greater Sahara Basin/Ahnat region of Algeria, averaging about 80.1 trillion cubic feet of technically recoverable gas, along with 275 million barrels of natural gas liquids, according to a scientific study published in April 2026 as part of Fact Sheet 2026-3005. These estimates are among the largest recent assessments of unconventional resources in North Africa, based on a geological assessment methodology to estimate technically recoverable undiscovered resources, and included eight assessment units distributed across two major petroleum systems within the region. View the full content on the...
News Disclaimer: Articles are curated from third-party sources for informational purposes. We do not verify or endorse the accuracy of third-party content.