The aim of the capital expansion is to meet regulatory requirements in an executive decree requiring 2bn ($26m) Algerian dinars
of capital to insure property and capital.
The country's economy grew to an estimated 10 trillion Algerian Dinars
($139 billion) nominal GDP in 2008 from DZD 6.
The package of tender documents was offered (for $250 each in the case of a foreign firm or for a sum in Algerian dinars
in the case of a local investor) before a technical presentation in Algiers on June 18 of that year.
9 billion Algerian Dinars
(USD 908 million*), will last 38 months and cover the execution of the complete scope of works, including the design, supply of equipment and bulk material, construction and start-up.
Algerian newspaper El Khabar on Wednesday quoted Telecommunications Minister Moussa Benhamadi as saying: "The company (Lacom) has to pay all its outstanding debts, including 30 million Algerian dinars
4 billion Algerian dinars
, Directorate General of Taxes (DGI) officials told APS on Tuesday.
Summary: Investments for the production of electrical energy will reach some 3,000 billion Algerian dinars
by the year 2019, National Electricity and Gas Company (Sonelgaz) CEO Noureddine Bouterfa pointed out on Tuesday.
Summary: The regular tax revenue totalled 1,000 billion Algerian dinars
in the first eleven months of 2009, up 25 percent over the same period a year earlier, announced Sunday Abderrahmane Raouya, Director General of the Finance Ministry's taxation department.