Development of the Legal System for Tourism Real Estate Investment Updated study according to Law 23/17

Abstract

Investment in the tourism sector is one of the main challenges and aspirations of the policy of the Algerian state to revitalise the national economy. The aim is to find alternatives to financial resources and reduce dependence on oil revenues, given Algeria's wealth of tourist sites throughout the country and its unique geographical location. This potential allows Algeria to be a leader in tourism investment if properly exploited. To achieve this, it is necessary to provide the necessary real estate for investment and to ensure an effective regulatory framework that contributes to the achievement of legally defined objectives. In this context, the Algerian legislator updated the investment regulations through Law 22/18 and modified the forms of investment in tourism real estate through Law 23/17, in an attempt to attract both local and foreign investors. In this paper, we clarify the evolution of the forms of its exploitation in the Algerian legislation and highlight the new law 23/17