Algeria: European contractors to compete with Chinese ones

in mega social housing projects

16 October, 15:48

(ANSAmed) - TUNIS, OCTOBER 16 - Chinese and European real estate contractors are facing off in Algeria, where the government has launched ambitious programs to combat the country's acute housing shortage.

Algeria has a long-standing relationship with China in the construction sector, but recent comments by Minister of Housing and Urban Development Abdelmadjid Tebboune point to the possibility that the market may be opening up to other players.

The minister urged Chinese real estate firms to meet deadlines and not to sub-contract the work out. In a meeting with Chinese Ambassador Liu Yuhe, Tebboune urged Chinese companies to improve quality by employing the latest technologies, in what was perhaps a veiled allusion to the technological prowess of the European competition, which is mainly from France, Spain and Portugal. The minister ended by reconfirming Algeria's trust in China, naming a list of important joint projects. To begin with, the deal Algeria signed in February with Chinese construction giant China State Construction Engineering Corporation (CSCEC) to build a vast new one-billion-euro mosque in Algiers, that is expected to be the third largest in the world. (ANSAmed).

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