New investment projects in Algeria
Algeria, Economics, 8/6/1998

Algerian Prime Minister Ahmed Ouyahia announced the privatization projects worth about 300 billion Algerian dinars during the coming year to finance investment projects and counter decreasing job opportunities for Algeria's citizens and reduce the volume of unemployment among Algerians.

After concluding the works of the three-way meeting between the government, the public labor union and businessmen, the Algerian prime minister announced the agreement which calls for convening a social and economic conference before the end of this year, in which the three parties will tackle the interests and the problems that preoccupy Algerian citizens and work on finding the appropriate solutions to those problems.

Moreover, they agreed to form a committee to examine the redistribution of the laborers in the general and governmental corporations to avoid unemployment, where the surplus of labors is 25%.

Previous Stories:
  Algeria to privatize 1,000 corporations before year's end   (7/6/1998)
  Joint Jordanian-Algerian business council set up   (6/29/1998)
  Algeria intends to invest 22 billion dollars   (5/12/1998)

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