Establishes the terms and conditions for granting State-owned land for investment projects
15 Nov 2023
On 15 November 2023, Algeria enacted Law No. 23-17, , establishing the guidelines for allocating State-owned land for investment projects, with the primary objective of promoting and streamlining investment endeavors. This legislation grants authority to the Algerian Investment Promotion Agency (AAPI) to grant concessions for investment projects on State-owned land, in accordance with criteria outlined by regulatory mechanisms, for an initial duration of 33 years, with the possibility of renewal.
State-owned land encompasses developed areas within industrial zones, business parks, and newly established towns. It explicitly excludes agricultural land, land situated within mining perimeters, and regions within hydrocarbon exploration and exploitation perimeters.
The AAPI collaborates closely with the Walis (administrative region governors) to assess the eligibility of investment proposals for access to economic land, taking into account the specific nature of activities aligned with the established objectives.
Any natural or legal entity, whether national or foreign, residing within or outside Algeria, seeking to avail themselves of the provisions outlined in Law 23-17, is obligated to submit their application exclusively through the digital investor platform administered by the AAPI.
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Type:
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Entry and establishment (Access to land)
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Promotion and facilitation (Investment facilitation )
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Industry:
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