Algiers, Algeria – Minister of Finance, Laziz Faïd, chaired a coordination meeting with the National Chamber of Notaries in Algiers to discuss updates on modernizing national property management, with a focus on improving real estate advertising and enhancing citizen services, according to a ministry statement issued on Friday.
Key Discussions and Objectives
Held at the Ministry of Finance on Thursday, the meeting was attended by the President of the National Chamber of Notaries, regional chamber representatives, and directors general of the National Property Management Agency, the Treasury, and the Tax Department. Discussions centered on digital transformation, improving real estate advertising processes, and streamlining services provided to citizens.
This gathering aligns with ongoing efforts to strengthen collaboration between notaries and national property, treasury, and tax administrations.
Progress in Digital Transformation
Minister Faïd highlighted the progress achieved in digitizing property management services, notably through the “Algeria Space Portal,” which offers innovative digital solutions for citizens and professionals. He also introduced plans for an electronic property registry, describing it as a game-changer for modernizing the sector.
The minister reiterated the importance of recent measures in the 2025 Finance Law, which mandates conducting all real estate transactions via written banking payments, marking a significant step in combating the informal economy and promoting transparency.
Faïd emphasized that the Ministry of Finance views the National Chamber of Notaries as a key partner, with this meeting being the third of its kind in 2024, reflecting the ministry’s commitment to strengthening cooperation with the notaries.
Strategic Outlook for 2025
The minister declared 2025 a pivotal year for digitization and modernization efforts, underscoring the critical role of the National Chamber of Notaries and regional chambers in advancing this agenda.
The Director General of National Property Management provided an update on the preparation and issuance of property registries for 2024 and outlined upcoming digital initiatives aimed at facilitating notaries’ work and improving service quality.
Notaries as Strategic Partners
The President of the National Chamber of Notaries expressed appreciation for the ministry’s openness to partnership and acknowledged ongoing training efforts in combating money laundering and terrorism financing, coordinated with the Financial Intelligence Processing Unit. These measures, he noted, will further enhance transparency in real estate transactions.
The meeting also addressed practical concerns raised by notaries regarding their daily tasks, proposing actionable mechanisms to resolve these challenges through continued coordination.
Call for Greater Awareness
In conclusion, Minister Faïd called for intensified awareness campaigns on the importance of using written banking payments for real estate transactions. He reiterated the government’s strong political commitment to the success of digitization and modernization efforts, urging all stakeholders to fully engage in making 2025 a landmark year in Algeria’s financial administration history.
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Author: Nor-Eleslam
Keyphrase: Algeria property management modernization, digital transformation in finance, 2025 Finance Law real estate transactions
