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Emaar to Invest $20b in Algeria - ASHARQ AL-AWSAT English Archive
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Dubai, Asharq Al-Awsat – Emaar Properties have obtained the necessary government licenses for commencing its huge real estate and tourist projects in Algeria with investments of over $20 billion, according to Algerian Minister of Participation and Investment Promotion Hamid Temmar.

Work on these projects is expected to start in the first half of next year according to a report in The Gulf Today.

The UAE news agency “WAM” quoted the report as saying that Emaar’s five projects will be carried out in different parts of Algeria including the capital Algiers and Algerian western coastline stretching to the borders of the State of Tibaza.

The first project is concerned with developing Algiers’ seafront while the second project is concerned with rehabilitating the central railway station in the centre of the capital and the third project is concerned with setting up a tourist city and a health city in the capital. While the fourth project includes building of a tourist vessel on Colonel Abbas Beach, the fifth project is concerned with setting up a 90-hectare information city in Sidi Abdullah, 25 kilometres south-west Algiers.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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