Economic land in Algeria: the official template for the techno-economic study required by AAPI

📌 In short: Executive Decree no. 26-154 of 14 April 2026, published in Official Gazette no. 31 of 28 April 2026, no longer merely requires a techno-economic study in an economic land application: it requires that study to be "duly prepared by a qualified professional" and drafted in accordance with the template set out in its Annex V. That template has nine parts, from identifying the applicant through to the annexes, covering the production process, the financing plan and the calculation of IRR, NPV and the break-even point. This article sets out its exact contents, part by part.

Keywords in this article

AAPI techno-economic study annex V template decree 26-154 economic land one-stop shop qualified professional IRR NPV break-even financial capacity concession convertible to sale OG no. 31 of 28 April 2026 investment law 22-18 feasibility study algeria

1. What Decree 26-154 changed in the economic land application

Official Gazette no. 31 of 28 April 2026 published seven executive decrees dated 14 April 2026, forming a coherent reform of the investor's journey. Three of them bear directly on how an application is built.

TextSubjectWhat it changes for you
no. 26-153Reorganisation of AAPIOrganisation of one-stop shops and deadlines for issuing authorisations
no. 26-154Amends decree no. 23-487 on concession convertible to sale of economic landImposes the techno-economic study template and financial capacity evidence
no. 26-158Amends decree no. 15-19 on planning permitsProcessing and issuance of planning documents

The sentence that changes the nature of the exercise

Decree no. 26-154 lists the documents that must accompany an economic land application. The first reads as follows:

📜 "the techno-economic study of the investment project, duly prepared by a qualified professional, in accordance with the template in Annex (V) attached to this decree"

Two distinct requirements now coexist: a requirement of form — the template is prescribed and not open to negotiation — and a requirement as to who may author it. A complete study in the wrong format, or one in the right format prepared without the required qualification, faces the same outcome.

The second document: financial capacity

The same provision requires "evidence of the financial capacity relating to the own funds declared for financing the project, in particular the bank statement, the financial statements or any other document capable of establishing the applicant's solvency".

The list is open-ended — "in particular" — but it fixes the objective: to establish solvency, not simply to assert it. This is where the investment file meets the banking file, which we cover in our article on the own contribution banks actually require.

2. The nine-part template, in detail

Here is the structure imposed by Annex V. It reads as a mandatory table of contents: every expected heading is named in the text.

I. General information on the project sponsor

  • Identification: corporate name or first name and surname, legal form, trade register number, tax identification number (NIF), registered office, shareholding structure.
  • Governance and management team: projected organisation chart, sector experience of the directors, industrial references.
  • Financial capacity: financial statements for the last three financial years where the company already exists, self-financing capacity, solvency certificates or financing agreements where available.

II. General presentation of the project

Strategic objectives; nature of the industrial or service activity; summary description of the intended products; target customers, domestic or export; contribution to sector and territorial development.

III. Technical study

  • Production process: process diagram, chosen technology, standards and certifications targeted — the text cites ISO, IATF and GMP.
  • Production capacity: planned annual volume, yield, utilisation rate.
  • Equipment and installations: detailed valued list, technical characteristics, source of equipment and potential suppliers.
  • Consumption and technical requirements: electricity, water, gas, fuel; telecommunications needs; environmental constraints — waste, emissions and effluents.

IV. Market study

Analysis of national, regional and international demand; analysis of supply and competition; sector trends; strategic positioning of the project relative to the market; commercial policy and market access.

V. Investment plan

  • Initial investment: equipment, buildings, engineering and assembly, working capital.
  • Operating costs: raw materials, labour, energy, maintenance, other charges.
  • Financing plan: own funds, bank credit, partnerships.

VI. Economic and financial projections

This is the most demanding part, and the one where applications most often fail:

  • projected income statement over 3 to 5 years;
  • cash flow statement over 3 to 5 years;
  • projected balance sheet over 3 to 5 years;
  • profitability analysis: IRR, NPV, break-even point and margin rate.

VII. Socio-economic impact

Direct, indirect and induced jobs; effect on the value chain and local subcontracting; contribution in technology and skills; contribution to local integration.

VIII. Implementation schedule

Implementation phases; projected deadlines; operational start-up.

IX. Annexes

Plans and diagrams; CVs of the main directors; financial certificates.

📌 Reading it as a whole. The template is not an administrative checklist: it describes a chain of proof. Parts III and IV establish that the project is feasible and has a market; Part V puts figures on it; Part VI proves it is profitable and financeable; Parts VII and VIII show it is useful and dated. A weak part undermines everything that follows.

Does your study follow the Annex V template?

The text requires the nine parts, in that order, and a qualified author. We prepare a compliant techno-economic study, or audit the one you already have and hand you the list of gaps.

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3. Part VI: what IRR, NPV and break-even actually demonstrate

Part VI is the only one that names specific calculated indicators. It is worth knowing what each demonstrates, because that is what the reviewer will look for.

IndicatorWhat it measuresWhat the file must demonstrate
NPV
net present value
The wealth created by the project once future flows are discounted to todayThat the project creates value, not merely that it repays its outlay
IRR
internal rate of return
The project's own rate of returnThat this return exceeds the cost of the financing raised
Break-even pointThe activity level at which the result turns positiveThat this level is achievable given the production capacity stated in Part III
Margin rateMargin generated relative to activityThat the cost structure of Part V holds over time

Consistency between parts is decisive here. A break-even point that assumes a utilisation rate higher than the one stated in the technical study, or a financing plan whose loans appear nowhere in the cash flow statement, are internal contradictions visible on a single reading — no sector expertise is needed to spot them.

🔎 Field observation (our engagements, not a regulatory text). In the studies we are asked to rework, the most frequent weakness is not missing calculations: it is missing links between them. Three correct but mutually independent tables do not make a techno-economic study — they make three tables.

4. Where to file, and the deadlines the administration must meet

Decree no. 26-153 reorganises AAPI and sets the processing framework. Two types of one-stop shop coexist: the one-stop shop for large projects and foreign investments, with national jurisdiction, and the decentralised one-stop shops, with local jurisdiction over other investments.

The one-stop shop brings together in one place, alongside Agency staff, the permanent services of the national trade register centre, the tax administration, the state property administration, urban planning, the environment, civil protection, energy, the Algerian electricity and gas distribution company, the bodies responsible for labour, employment and social security, and banks and financial institutions. The customs administration appoints a permanent representative to the national one-stop shop.

The deadlines set by the texts

ActDeadlineBasis
Authorisations and documents required to implement the project15 days from receipt of the file26-153, Art. 30
Prior approval to create a classified establishment (categories 1, 2, 3)20 days maximum26-153, Art. 30
Invitation to sign the specifications after collecting the final decision48 hours26-154, Art. 9 bis
Investor's signature of the specifications8 days from notification26-154, Art. 9 bis
Concession deed drawn up by the state property representative8 days from receipt of the file26-154, Art. 11
Sale deed drawn up15 days from transmission of the file26-154, Art. 15

Two provisions give these deadlines their real force. First, Article 22 of Decree no. 26-153: representatives of public administrations within the one-stop shops receive delegated authority to sign and issue, on behalf of the authorities to which they belong, all the acts provided for by the decree. Second, Article 24: "documents issued by the representatives of administrations and other bodies within the one-stop shop are enforceable against the administrations and bodies concerned".

⚠️ What this means in practice. The 15-day period runs from receipt of the file. An incomplete file, or one that does not follow the template, does not start the clock — it postpones it. The speed promised by the reform is therefore decided entirely upstream, in the quality of the file submitted.

5. After the award: the commitments that follow the file

The file does not end with the decision. Decree no. 26-154 governs what follows, and the commitments made in the study become binding.

1

Honouring your declarations

Article 9 bis provides that "the beneficiary investor is bound to comply with the declarations made when formulating the economic land application". What the study states, binds.

2

The specifications

Signing the specifications "commits the investor to carrying out the planned investment project in full compliance with its clauses and conditions", using the standard model annexed to the decree.

3

The right to obtain authorisations

Article 13 states that the concession entitles its holder to obtain the building permit and all authorisations, approvals and administrative documents enabling effective implementation of the project, from the one-stop shops.

4

Monitoring and appeals

The standard specifications require a half-yearly progress report and notification of any change to the project. Where the outcome is unfavourable, an appeal lies to the National High Commission for Investment Appeals.

This continuity explains why the schedule in Part VIII and the projections in Part VI are not formalities: they are the terms of reference against which execution will be measured.

6. Six recurring pitfalls in a techno-economic study

Observations from our practice preparing and reworking studies, not regulatory provisions.

  1. Using a plan other than Annex V. A classic business plan, however good, is not the template. The headings and order of the nine parts are fixed by the text.
  2. Treating Part VII as filler. Direct, indirect and induced jobs, local integration and subcontracting are assessment criteria, not a closing courtesy.
  3. Producing figures without linking them. The break-even point must be consistent with the utilisation rate in Part III; the financing plan in Part V must appear in the cash flow statement in Part VI.
  4. Neglecting the environmental constraints in Part III. Waste, emissions and effluents are expressly required — and they later determine the establishment's classification and its processing deadline.
  5. Declaring own funds without usable evidence. The text wants documents establishing solvency: a bank statement, financial statements, or equivalent. A declaration is not enough.
  6. Underestimating the schedule in Part VIII. It becomes a monitoring benchmark, and the standard specifications govern the start of works and entry into operation.

This article sets out the contents of the template and the applicable regulatory framework; it constitutes neither legal advice nor a guarantee of obtaining economic land or any authorisation. The texts cited may be amended: verify them with AAPI or in the Official Gazette before filing.

FAQ — Frequently asked questions

Which text imposes the techno-economic study template? +
Executive Decree no. 26-154 of 14 April 2026, published in Official Gazette no. 31 of 28 April 2026, amending and supplementing Executive Decree no. 23-487 of 28 December 2023 on concession convertible to sale of economic land. It requires a techno-economic study duly prepared by a qualified professional, in accordance with the template in its Annex V.
What are the nine parts of the template? +
I. General information on the project sponsor; II. General presentation of the project; III. Technical study; IV. Market study; V. Investment plan; VI. Economic and financial projections; VII. Socio-economic impact; VIII. Implementation schedule; IX. Annexes.
Which financial indicators must the study contain? +
Part VI requires a projected income statement, a cash flow statement and a projected balance sheet over 3 to 5 years, together with a profitability analysis covering IRR, NPV, the break-even point and the margin rate.
What financial capacity evidence must be attached? +
The decree requires evidence of financial capacity relating to the own funds declared for financing the project, citing in particular the bank statement, the financial statements or any other document capable of establishing the applicant's solvency. The list is not exhaustive, but the objective is to establish solvency, not to assert it.
Within what deadline must the administration issue authorisations? +
Article 30 of Executive Decree no. 26-153 provides that the authorisations and documents required to implement investment projects are issued at the one-stop shops within a period not exceeding fifteen days from receipt of the files. Prior approval decisions for creating classified establishments in categories 1, 2 and 3 are issued within a maximum of twenty days.
Do documents issued at the one-stop shop carry the same weight? +
Yes. Article 24 of Executive Decree no. 26-153 provides that documents issued by the representatives of administrations and other bodies within the one-stop shop are enforceable against the administrations and bodies concerned. Article 22 gives them delegated authority to sign and issue those acts on behalf of the authorities to which they belong.

🔎 Sources and references

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BENSAID Farouk ProfitPilot

BENSAID Farouk

Financial & Economic Research Consultant — ProfitPilot NextGen Consulting

Certified sole trader and expert in financial studies, risk analysis and market research for SMEs, startups and investors in Algeria. View full profile →