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Emaar in $20bn Algerian project Print E-mail
Dubai-based Emaar Properties has announced that it will build four projects in Algeria worth a total of $20bn, reported Reuters. The projects include the development of a new town called Sidi Abdellah, a new tourist resort, a new health resort, and redevelopment of the Algiers waterfront. Algeria is trying to lessen its reliance on oil and gas and is ploughing record energy revenues into reconstruction and development programmes.Dubai-based Emaar Properties has announced that it will build four projects in Algeria worth a total of $20bn, reported Reuters. The projects include the development of a new town called Sidi Abdellah, a new tourist resort, a new health resort, and redevelopment of the Algiers waterfront. Algeria is trying to lessen its reliance on oil and gas and is ploughing record energy revenues into reconstruction and development programmes.



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