Sea freight: Private investors call for incentives

Private economic operators intend to invest in sea freight, but call the authorities to review current legislation to get involved in this strategic field. "Algerian businessmen have a strong desire to work for the development of this activity, but laws governing it are binding, preventing any move in this direction," Abdelhamid Bouarroudj, expert and former executive at the CNAN, said Tuesday. Regulations governing sea freight require from the investor in the field to possess at least one vessel, a condition dubbed "deterrent" by the concerned. "Boats are too expensive for private operators. We need laws allowing investors to create consortiums, with other tax incentives to give a new impetus to the market," Bouarroudj said at a study day organized by the Business Managers’ Forum (FCE).