The Legal System for Economic Real Estate in Algeria in Light of Law No. 23-17

Abstract

Among the major concerns raised by investors in Algeria, whether Algerian or foreign, is the difficulty of obtaining suitable real estate for their projects, regardless of the type. The Algerian legislator has repeatedly attempted to solve this problem by establishing a specific legal framework for it. The latest of these attempts was the issuance of Law No. 23-17, which sets the conditions and procedures for granting state-owned economic real estate for investment projects. This law aims to address issues that previous regulations could not solve. This article will highlight the most significant new features introduced by this law and the extent to which they contribute to establishing a legal framework that meets investors' hopes and aspirations to obtain economic real estate. It also aims to fulfill the requirements of legal security when exploiting such real estate, and, conversely, achieve the Algerian legislator's aspirations to promote investment and boost the economy.