Nearly 500 enterprises privatized since 2003 in Algeria

Some 447 enterprises have been privatized in Algeria since 2003, making the Treasury obtain some 1.4 billion euros, declared Thursday the Algerian Minister of Industry and Investment Promotion Hamid Temmar.
“The revenue from the sale of public enterprises under privatization is estimated at 137 billion dinars (1.37 billion euros),” said Temmar, quoted by the APS news agency. “These recipes involve the privatization of 447 public enterprises during the period from 2003 until the first quarter of 2008,” said the minister, answering an oral question in the National Assembly. According to Mr. Temmar, these privatizations have allowed the preservation of 40,000 jobs and the creation over 19,000 new jobs.” The Algerian government has repeatedly reaffirmed its commitment to privatize the state enterprises, which are too weighty to manage, except those so-called “strategic” or “of sovereignty” such as the oil company Sonatrach, electricity and gas Sonelgaz and railways.
Source: ennaharonline

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