|
Algeria to privatize 11 hotels
Algeria, Economics, 2/26/1999
The Algerian government has decided to sell 11 hotels for privatization in light of the government's plan for economic reform.
The Algerian council for privatization released a statement saying there are 26 offers to buy these hotels and their value varies between 80 million and 1.5 billion Algerian dinars ($1.3 million - $24 million).
The list of hotels comprises Sofitel Safir, Albert Premier Saibous, Chatonouf, Grand Hotel, Morgan, Hidab, Shilieh, Tavana, El-Frensan.
The Algerian council stipulated not dismissing or reducing the hotels' labor forces and drafting a schedule for upgrading these establishments.
Previous Stories:
Algerian - Jordanian commercial agreement
(2/4/1999)
Algeria allows foreign banks to work in local markets
(1/27/1999)
Saudi Development Fund finances Algerian project
(1/19/1999)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
