Doha, Qatar – In a recent address during the Doha Summit, President Abdelmadjid Tebboune revealed that Spain has transferred ownership of a five-star hotel to Algerian authorities. The President stated that the hotel was previously owned by an individual involved in the illicit transfer of funds out of Algeria.
While addressing the summit, President Tebboune did not disclose the name of the individual or the specific location of the hotel. However, he emphasized the Algerian government’s commitment to recovering assets illicitly acquired and transferred abroad. The transfer of the hotel is seen as a significant step in these efforts.
“This is a clear example of international cooperation in the fight against corruption and financial crimes,” President Tebboune stated. “We appreciate the cooperation of the Spanish authorities in this matter and their commitment to assisting Algeria in recovering its stolen assets.”
The President’s address covered a range of topics, including Algeria’s role in advocating for just causes and the nation’s commitment to its core principles. He also paid tribute to the martyrs of the Algerian revolution and honored Mujahid Saleh Goudjil for his contributions to the country.
Other recent events highlighted include the national prayer for rain (Salat al-Istisqa), a warm reception for the Minister of Interior in Oran, and the opening of the Algiers International Book Fair. Details surrounding the case of “Hicham of Oran” are also being closely followed. Furthermore, the first day of Chief of Staff Said Chengriha’s visit to the Republic of Korea has concluded, and discussions regarding the implications of the proposed finance law on workers, led by Taghjout, have taken place.
The recovery of the luxury hotel represents a notable achievement for the Algerian government in its ongoing efforts to combat financial crimes and recover misappropriated assets. The government aims to use the hotel to support tourism initiatives, further contributing to the country’s economic development.
