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Algerian, Australian investors to build 100,000 houses
Algeria-Australia, Politics, 10/28/1999
Algerian and Australian businessmen reached a memorandum of understanding to launch a venture to build 100,000 Housing units projected to cost $1 billion, the two sides said in a statement released on Wednesday. The two sides take part in a project to build 100,000 residential units for the low-income class. The cost of the project would be covered with $400 million in aid from the Algerian government and Australian companies and $1 million in loan.
Previous Stories:
Algerian oil company signs partnership accord with Australian BHB group
(6/10/1999)
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