Algeria to privatize 60 companies within 3 weeks

Published November 19th, 2000 - 02:00 GMT

An Algerian government minister announced here Friday, November 17, that his government would launch a major privatization drive within three weeks covering some 60 state firms.  

 

Hamid Temmar, Algeria's minister in charge of reform, said the sell-off would mark the first stage of a privatization drive that will ultimately target 102 national companies and 70 regional firms.  

 

The national companies comprise businesses in the sectors of service, construction and industry, Temmar said at a meeting with French businessmen here.— (AFP)  

 

© Agence France Presse 2000  

© 2000 Mena Report (www.menareport.com)

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