The director general of the Algerian Investment Promotion Agency (AAPI), Omar Rekkache, indicated, Monday in Algiers, that the “megaproject” of the Malaysian Lion group, which will “invest in the field of metallurgy, steel and aluminum, for a total amount of 8 billion dollars, spread over 4 phases. The cost of the first phase of investment, relating to the domiciliation of the investment from Malaysia, amounts to 3.4 billion dollars. “The said project will be carried out as soon as we reach an agreement on the land area requested by the group,” reveals the manager.
This promising project will reinforce the positive image of the investment ecosystem in Algeria, indicated the CEO of AAPI, underlining the imperative of its realization given the jobs that this project will create.
Regarding the land bases intended for the realization of investment projects and whose distribution is entrusted to the AAPI, Rekkache specified that the Agency will offer, in the days to come, via its digital investor platform, no less than 439 land bases for the benefit of investors, with a total area of around 300 hectares, across several wilayas.
Regarding undeveloped land bases, the manager declared: “While waiting for the acceleration of the development operation of the latter, and the establishment of agencies responsible for development, we will offer the possibility of negotiating with the project leader to take charge of the development of the base.”
