Municipal Concession Turned Relinquishment
The authorities are moving toward enabling the transfer of land concession rights designated for investment before the enactment of the new law, aiming to simplify procedures and adapt property situations. The draft stipulates that the transfer will be converted into a waiver after the actual project has been completed, under specific conditions, and will be based on the commercial value minus royalties. This approach seeks to address the obstacles faced by the Algerian Agency for Investment Promotion in processing investors' requests and removing administrative barriers, while imposing an annual fee of 2% of the rental royalty on the affected properties.
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