CPE: Meeting on transfer of surplus real estate assets to State’s private domain

ALGIERS – The State Shareholding Council (CPE) held a meeting on Wednesday, chaired by the Prime Minister, Nadir Larbaoui, devoted to the transfer of surplus real estate assets from the public economic enterprise “Divindus Industrial Zones” to the private domain of the State, with a view to subsequently integrating them into the land portfolio of the Algerian Investment Promotion Agency (AAPI), the Prime Minister’s Office said in a statement.

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“The State Shareholding Council held on Wednesday, 5 June 2024, a meeting chaired by the Prime Minister, Nadir Larbaoui, devoted to the transfer of surplus real estate assets from the public economic enterprise “Divindus Industrial Zones” to the private domain of the State, with a view to subsequently integrating them into the land portfolio of the Algerian Investment Promotion Agency,” the statement said.

This decision is part of “implementing the new system decided by the President of the Republic for economic management that meets transparency standards in the process of allocating land for investment, through the gradual constitution of the land portfolio of the Algerian Investment Promotion Agency so as to integrate it into the land offers intended for economic operators and investors,” the same source noted.

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