Algeria has officially begun allowing investors to convert their usufruct rights into full ownership of commercial land, a move aimed at boosting the value and use of state-owned property.
The Algerian Investment Promotion Agency (AAPI) announced that applications for this conversion are now being processed through decentralized one-stop shops, designed to speed up procedures and improve service efficiency.
This new initiative falls under the framework of Law No. 23-17, enacted on November 15, 2023, which governs the management and transfer of commercial land from the state’s private domain to investors.
Investors are required to submit key documents, including the original concession agreement, technical specifications, a certificate of conformity, records of project completion, and a mortgage clearance certificate.
Responding to a parliamentary inquiry, AAPI Director General Omar Rekache emphasized that all applications will undergo thorough scrutiny before approval, ensuring transparency and regulatory compliance.