Algerian PM Abdelmalek Sellal:

Investment Code, expected amendments to not affect 49/51 rule

GMT 06:00 2014 Saturday ,20 September

Arab Today, arab today Investment Code, expected amendments to not affect 49/51 rule

Algerian PM Abdelmalek Sellal
Algiers - Arab Today

Prime Minister, Abdelmalek Sellal said Thursday in Algiers the improvements to be introduced to the investment law "will not affect the main investment principles, like the 49/51% rule."
The Premier stressed, in a speech he gave at the opening session of the 17th tripartite (Government-Union- Employers), the government "is studying the investment code to introduce further improvements to provide more facilitations to investors while limiting the barriers they face."
Also, Sellal assured the expected amendments "will not affect the fundamental principles governing investment in Algeria like the rule 49/51%," adding that the government "will not abandon this principle."
The Prime minister reiterated the government's commitment "to continuing his quest to improve the situation in the context of dialogue and understanding with all actors and socio-economic partners."
Source: APS

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