
Rakach: Launch of new real estate opportunities aimed at tourism investment in several provinces of the country - Iqtissad Al Balad
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Algeria - The Official Gazette No. 37 has issued the law related to the budget settlement for the year 2023, which recorded a 24 percent increase in revenues year-on-year.

The Minister of Public Works and Basic Infrastructure, Abdelkader Djilawi, today Saturday, issued a series of instructions to increase the pace of completion of the Eastern Mining Line, primarily to mobilize additional human and material resources, as well as to extend working hours, according to a statement from the ministry. These instructions came during a working session chaired by him at the ministry's headquarters, dedicated to evaluating the progress of the project to construct the Eastern Mining Line in the section linking Bouchakif and Draa at a distance of 121 km, as a continuation of the meeting held for the same purpose on May 15th.

The Official Gazette No. 37 published the law related to the budget settlement for the year 2023, which recorded a 24 percent increase in revenues year-on-year. According to this law, No. 26-11, signed on May 12 by the President of the Republic, Mr. Abdelmadjid Tebboune, the final results of the general state budget revenues for the fiscal year 2023 amounted to 11.9021 trillion DZD, while the final results of expenditures for the same year reached 10.59382 trillion DZD. Thus, the final deficit for the budget operations for 2023 allocated for available and uncovered treasury amounted to 1.57271 trillion DZD, according to the text.

The Director General of the Algerian Agency for Investment Promotion, Omar Rakash, announced today, Saturday, May 23, in Mostaganem, that the agency has recorded a total of 280 investment projects in the tourism sector from November 1, 2022, to May 15 of this year, with declared investments exceeding 257.5 billion Algerian dinars, expecting to create more than 17,000 direct jobs, reflecting the growing interest in this sector as one of the promising investment areas, according to a statement from the agency. Rakash, during an informational day organized by Algerian television, also revealed the completion of preparations for the launch of several real estate opportunities aimed at tourism investment across several provinces of the country.

The Director General of the Algerian Investment Promotion Agency, Omar Rakach, announced today, Saturday in Mostaganem, the registration of 280 new investment projects in the tourism sector since the entry into force of the new legal system.

As part of the ongoing series of regional coordination meetings with public works directors across various provinces of the country, the Minister of Public Works and Basic Infrastructure, Abdelkader Jalawi, chaired this Saturday morning, at the headquarters of his ministerial department, the fourth regional coordination meeting, attended by the central officials of the ministry, along with public works directors and their staff, which was dedicated to the western provinces: Mostaganem, Oran, Mascara, Ghazaouet, Chlef, and Ain Temouchent, as stated in a ministry statement.

The CEO of Naftal, Jamal Cherdoud, chaired a working meeting the day before yesterday with the General Director of the Nigerien Petroleum Company SONIDEP, Ali Sibo Hassan, at the headquarters of the General Directorate, to discuss ways to enhance cooperation and partnership in the distribution and marketing of petroleum products, in the presence of a group of executives from both companies and a representative from SONATRACH, as part of a working visit by a ministerial delegation from Niger to Algeria.
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