THE DIGITAL PLATFORM FOR THE INVESTOR AS A MECHANISM FOR MANAGING AND EXPLOITING ECONOMIC REAL ESTATE IN ALGERIA

Abstract

Investment in economic real estate faces many challenges and obstacles that hinder achieving maximum benefit from this sector, as there are numerous difficulties related to how it is exploited. Therefore, the Algerian legislator has sought to grant a set of facilities and advantages to encourage it and to impose legal mechanisms to protect it. This has been embodied in the provisions of the new Investment Law No. 22/18 and Law No. 23/17, which defines the conditions and modalities for granting economic real estate belonging to the private property of the State for the implementation of investment projects.

In order to achieve the principle of transparency in the investment process, a digital platform has been established within the Algerian Investment Promotion Agency to make a definitive break with the paper-based system and to adopt the electronic system in dealing with investments, whether foreign or local, away from paper-based administration. It is the electronic tool for directing and supporting investments and is therefore considered the tool that guarantees transparency of procedures, their monitoring, and the support of investors, with the aim of improving communication with investors, facilitating procedures, and allowing direct and immediate exchange between agents of administrations and the concerned bodies. It also allows the adaptation of procedures to be followed according to the type of investment and the type of requests.