Finance

Algeria: Dounia Park scandal

Thursday, 01 September 2016 21:12

In Algeria, Abdelouahab Nouri, the Minister of Land Development, Tourism and Craftsmanship, on an inspection tour in the tourism expansion zones (ZET), complained about land grabbing which impaired the optimal implementation of the Parc des Grands Vents (Dounia Park) project in Algiers.

The complex which was to become a recreation park with playing zones, green spaces and restaurants, has obviously been poorly handled. “The project took dangerous turns and now requires strict and urgent measures. I was really surprised when I found out about and studied the status of this project. It is true that some executives previously told me that plots were being illegally distributed but I couldn’t believe them because the park is supposed to be well-protected. Sadly, everything was true. Against the law, plots are indeed being distributed for fake projects, mainly portrayed as fast-foods,” the minister told El Moudjahid.  

Out of the 1,059 hectares dedicated to the project, nearly 65 hectares were illegally distributed. This drove land management offices to cancel contracts for a hundred projects as the minister said “it was impossible to promote the development of tourism by encouraging such non-respect of the law”.

Souha Touré

On the same topic
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing package to Invictus Investment Company PLC (ADX:...
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.