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    Dimanche 17 Février 2008 -- Le chargé des projets de la firme koweitienne internationale KGL, spécialisée dans l’aménagement, l’équipement, l’élargissement et la gestion des ports, a révélé que cette compagnie voudrait bénéficier du droit total ou partiel de gestion des ports algériens. Elle attend toujours les demandes officielles des autorités algériennes, pour entamer les négociations officielles.

    La déclaration de ce responsable intervient suite à la remise des titres d’engagements de cette compagnie au ministère des Transports et à celui de l’Industrie et de la Promotion des investissements, en août 2007. La compagnie koweitienne a informé les pouvoirs publics des grands moyens dont elle dispose en termes d’aménagement, d’équipement et de gestion des ports et des terminaux des conteneurs.

    Par ailleurs, M. Mechri a affirmé que les dossiers remis aux autorités algériennes portent sur l’intérêt de la compagnie koweitienne à gérer les ports algériens, notamment ceux d’Alger et de Djendjen.

    Il est à rappeler que les négociations entamées par la compagnie émiratie Ports de Dubaï concernant ces deux ports sont à un niveau très avancé.
    Ce responsable a déclaré, dans le même contexte, que la compagnie koweitienne pourrait participer à la réalisation, l’aménagement, la gestion de trois ports au maximum.

    Le chargé des projets auprès de la firme KGL a déclaré que cette dernière est prête à l’expansion, l’équipement et la gestion de plusieurs ports, notamment ceux d’Oran, d’Arzew, de Skikda et de Annaba.

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    Mercredi 20 Février 2008 -- La Banque nationale du Koweït étudie la possibilité d’investir au Maghreb et plus spécifiquement en Algérie, a indiqué le numéro un de cet établissement financier. Déjà présente au Qatar, en Jordanie et en Egypte à travers des investissements, la Banque vient de faire savoir par la voix de son PDG son intérêt pour l’Algérie, sans encore rien dévoiler de ses intentions.

    La Banque nationale du Koweït est la seconde banque du Golfe à manifester son intérêt pour le marché algérien, en 48 heures. Hier, la banque islamique de Bahrein Gulf Finance House a annoncé son intention d’investir 3 milliards de dollars dans la création d’une zone de développement économique dans la banlieue d’Alger. GFH espère que cette nouvelle zone inclura la venue d’entreprises dans le secteur de l’énergie, de la finance et des télécommunications ainsi que des constructions résidentielles et des activités de loisirs.

    L’arrivée de banques du Golfe, aux capacités financières importantes, sur le marché algérien devrait permettre d’accélérer la réalisation de projets d’investissements des groupes issus de cette région. Les nombreux projets annoncés se heurtent en effet à deux problèmes de taille : le foncier et la disponibilité des fonds pour les financer.

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    ALGIERS, February 25, 2008 (KUNA) -- Kuwait's leadership aspires to boost overall ties with Algeria in various sectors, said the Kuwaiti Ambassador in Algiers Saud Al-Duweesh on Monday.

    Speaking to Kuwait News Agency (KUNA) on occasion of his country's 47th National Day and 17th Liberation Day, Al-Duweesh said Kuwaiti investments in Algeria will play a significant role through upcoming projects in banking, tourism and hotel sectors.

    He extended heartfelt congratulations to Kuwait's leadership and people on these joyous occasions, wishing his country absolute development and prosperity.

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    KUWAIT CITY, April 14, 2008 : Kuwait Financial Centre ‘Markaz’ in its study on the real estate and construction sectors in Algeria, anticipates significant returns in the residential, hospitality and tourism sectors supported by the growth in economy led by rising oil prices. Growth in the sectors has been further supported by factors such as the growing population dominated by youth; strong government support; and rising tourism. Some of the gains channeled from high oil prices and current account surplus are being channeled towards building infrastructure facilities. Currently, all the segments of the Algerian real estate market residential, commercial, industrial, and retail – are experiencing strong demand. The residential segment currently has a shortage of 1 million housing units. The actual demand for housing is estimated to range between 250,000 and 300,000 units a year, going forward. Supply, however, is expected at approximately 130,000 housing units a year.

    Under the national housing program, the government plans to construct 1 million units (low and middle income family housing) by 2009. However, the government is unlikely to meet its target, as the construction industry lacks the required resources to implement the program. In the commercial segment, the demand for quality office space has increased following the entry of foreign multinationals wanting to capitalize on Algeria’s rich hydrocarbon reserves as well as the growing presence of foreign financial institutions. However, the increasing security concern in Algeria remains a major concern to investors as it holds the potential of delaying the government’s efforts to liberalize the economy and to attract foreign investment. Furthermore, the country is affected by excessive bureaucracy; and lack of transparency in awarding construction contracts. This would negatively impact the growth potential of Algeria’s real estate and construction sectors.

    Residential segment

    Algeria has been facing a severe housing crisis with demand outstripping supply by more than a million units in 2006. The government is trying to address this shortage in housing units which is primarily caused by the state ownership of land. Also, the role of the private sector has been negligible in the country’s residential development, leading to an acute shortage in housing. Recently, the government is undertaking liberalization and privatization initiatives, which could pave the way for the entry of foreign construction companies. Algeria’s population is growing at around 2 percent annually and labor force at 5 percent, making it more attractive for real estate investors to enter the residential market.

    Algeria’s ministry of housing estimates actual demand for housing to range from 250,000 to 300,000 units per year, going forward. Consequently, total additional demand for new housing is expected to be around 2 million units by 2013. On the supply side, approximately 130,000 housing units are expected to be built every year, of these, 30,000 to 40,000 will be privately constructed, while, under the National Housing Program, the government will construct 1 million housing (low and middle income housing) units by 2009. However, the government may not be able to achieve its goal, given the construction industry’s lack of resources. Consequently, industry sources estimate that shortage in housing units will amount to 3 Million units over the next 15 years.

    Commercial segment

    The demand for modern office space in Algeria has increased in recent years, primarily in the capital city of Algiers due to the increasing number of foreign companies (mainly oil and gas) setting up offices in Algeria to capitalize on the country’s rich hydrocarbon reserves. Added to that, the high oil price environment and liberalization of the financial services sector have attracted many foreign banks and oil and gas companies which demand quality office space in Algiers. The surge in demand for office space has triggered an increase in office prices and rentals. The prime office rent in Algiers stood at $538 per square meters (sqm), ranking the fifth in the MENA region, at the end of 2006.

    Hospitality and tourism segment

    The current capacity of hotels in Algeria is incapable of accommodating the number of tourists expected to visit the country. Furthermore, the country lacks sufficient numbers of international hotels and resorts where tourists’ beds stand at 81,000 as compared to 220,000 in Morocco, and 222,000 in Tunisia. According to a study conducted by the Accor group, Algerian cities critically lacked accommodation and the country needs around 36 mid-market hotels to meet demand. For this reason, many foreign hotel groups are recently entering the Algerian market such as the Marriott International.

    Algeria intends to attract 3 million tourists by 2013. To accommodate this large number of tourists, the government has been encouraging investments in developing hotels, roads, and transportation infrastructure. For instance, the Public Works Authority of Algeria plans to spend $8.2 billion in large public works projects, such as the East-West Highway and on upgrading secondary roadways. According to World Tourism Organization, Algeria’s total travel and tourism operating expenditures in 2007 are expected to total $155.9 million. By 2017, this spending is forecast to total $286.7 million, or 1.1 percent of total government spending.

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    KUWAIT, April 17, 2008 (KUNA) -- Algerian President Abdulaziz Bouteflika will begin a state visit to Kuwait on Friday, during which he will hold talks with His Highness the Amir of Kuwait, Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah aimed at promoting bilateral relations in various fields and ways to achieve security and stability in the region.

    Algerian officials have confirmed the good relations between the two countries on many occasions, stemming from the Kuwaiti support for the Algerian revolution back in November 1954, which have been on a rise since that time.

    In previous statements, Algerian Prime Minister Abdulaziz Belkhadem said that Kuwaiti investments in Algeria have increased, since the rule of Sheikh Sabah, which indicates a commitment to developing economic relations with Algeria.

    Previous visits between officials of the two countries include a visit to Kuwait made by former Algerian President Chadli Bin Jadid in March 1980, and a visit to Algeria made by former crown prince Sheikh Saad Al-Abdullah Al-Sabah, in December 1981 which resulted in the formation of a joint cooperation committee.

    Kuwait and Algeria also set up a joint investment fund in April 1999, with an estimated capital of USD 178 million for tourism, monetary, mining and industry purposes.

    The two countries have also signed an agreement an preventing double taxation to encourage investment in both countries, back in May 2006.

    On the other hand, Chairman of Kuwait Chamber of Commerce Ali Thunayan Al-Ghanim, sees that trade relations between the two states need improvement, and that private corporations on the two sides need to increase the exchange of investments.

    Recent figures obtained from the Kuwait Fund for Arab Economic Development (KFAED) show that, Kuwait has granted four loans to Algeria which add up to a total of KD 29 million (USD 109.5 million) to assist agriculture and energy.

    Kuwait also, in the cultural aspect, launched The Kuwaiti Cultural Week, in February 2007 which included exhibition of photography and art amongst other various activities and displays of poetry.

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