Oct 24 2012
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Algeria earmarks USD400m for tourism projects in the south
""The government has allocated USD 240 million to renovate hotels and another USD 80 million for building a tourism village in Oued Souf and another USD 80 million for building a tourism city in Biskara Province, South Algeria," said Mohamed Chawey, a marketing manager at an affiliate company of the Algerian tourism ministry.
"Such projects will help augment the number of tourists to Algeria, expected to rise to three million by the end of 2012 against 2.5 million in 2011, in addition to attracting new investors," said Fares Mesdour, a professor of economics at University of Algeria.
Algeria has designated around USD 1 billion to renovate public hotels. It also disclosed that a set of facilities, including credits has been provided for anyone interested in the tourism industry in South Algeria, by cutting down land prices marked out for investments, he said.
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