Algiers Confirms Hotel Privatization
Algerian officials have confirmed that the state-owned hotels will be privatized.
An official source confirmed the report in a statement to El Khabar daily, adding that the hotels’ staff has no reason to be concerned about their future.
“We are not thinking of any downsizing,” he stressed.
However, the representatives of the strong union UGTA said they should be involved in any action regarding their professional future, said the paper.
In a previous report by the daily, 11 hotels are included in the plan.
121 Algerian corporations have been targeted for privatization over the next three years as from the year 2001, Hamid Tammar, Algerian Minister of Participation and Reforms Coordination has announced.
Forty-two of the companies to be privatized are subsidiaries of public holding companies, and other 79 are subsidiaries of the state holding companies operating in the fields of services, building materials, food industry, Tammar said in a statement to the press in January – Albawaba.com