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Algeria plans five skyscrapers worth $2bn: Report

Government official says North African country is preparing a feasibility study for high-rises in several major cities

Ahram Online, Sunday 16 Sep 2012
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Algeria's government is planning to build five skyscapers at a total cost of $2 billion, according to a report from business intelligence site Zawya, citing a senior official.

The Algerian General Association for Entrepreneurs (AGAE) is reportedly preparing a feasibility study for presentation to the country's new prime minister Abdelmalek Sellal in the first quarter of 2013.
 
"We have selected five locations for the project[s]: Algiers, Oran, Annaba, Constantine and Ouargla. The structures will have between 30 and 100 floors, and up to 1,000 apartments and housing units in each," the president of the AGAE, Mouloud Kheloufi, told Zawya.
 
Zawya is owned by US publishing and financial information firm Dow Jones.
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