Algeria plans $3.3bn sea port project

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Algeria plans $3.3bn sea port project

Algeria is set to start work on its ambitious sea port project at El Hamdania which will be developed
at an investment of $3.3 billion, it has been reported.

Prime Minister Abdelmalek Sellal, who approved the project, dubbed it as the biggest infrastructure development since the country’s independence from France, reported ANSAmed.

The project, to be developed in two phases near the city of Cherchell, will be a public-private partnership venture with foreign participation. The tenders for the project will be issued soon, it stated.

The area, stretching over 2,000 hectares and less than 100 km away from capital Algiers, was chosen because of its position as a sheltered natural bay with waters as deep as 20 m allowing the biggest container vessels to dock there, sad the report.

It will feature 23 docking quays with an overall capacity of some 25.7 million tonnes of general cargo, stated the report.

It also will be the centre of an ambitious industrial development project well connected to the railway network and motorways that will serve as a hub for international trans shipments and as a national gateway for Algeria, it added.

Source and Link: Trade Arabia

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.