Saturday, 14 December 2019
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THE COMPANY

  • General Information

Company Name 

The ‘Société d’Infrastructures Aqua - Hôtelières d’Algérie’ (abréviatif as SIAHA Spa)

 Creation Date

 13 July 010

Legal Form 

 Joint Stock Company (SpA)

Head Office 

 Zone d'Expansion Touristique de Ben M'hidi in Filfila -Wilaya of Skikda- (Algeria).

 Capital 

 2 300 000 000 DZD

 Management

 The company is managed by its Board of Directors, composed by five members. The Board is chaired by ASICOM and a General Director

 

 

  • Capital                                                                                                                                                                          KDZD 
SHAREHOLDERS 2010 2011 2012 2014 2018
Amount % Amount % Amount % Amount % Amount %
 ASICOM 600 000 40  656 000 44 1 200 000 80 1 200 000 52 1 900 000  50  
 PRIVATE PROMOTERS 900 000 60 844 000 56    300 000 20    300 000 13 300 000    8  
 SOFINANCE               400 000 17 700 000  18  
 FNI               400 000 17 900 000  24  
 TOTAL 1 500 000   1 500 000   1 500 000 100 2 300 000   3 800 000  

 

THE PROJECT

  • Project Summary

Originally, at the end of the 80s the private promoter obtained a land of 13 hectares to realize a property touristic project (pavilions) which had not been realized for various administrative, financial and economic reasons.
In 2010, he contacted ASICOM to establish a partnership and they created “La Société des Infrastructures Aqua-Hôtelières d'Algérie” company whose capital was constituted in particular by a contribution in kind (land property promoter).
In 2011, the company launched a national architectural competition for the construction of a touristic village. The retained project was the one of Mohamed Larbi MERHOUM office.

 

  • Project Content 

Because of its scale, consistency, diversity and location RUSICA PARK project is considered as one of the greatest tourism projects underway.

In particular, it distinguishes itself by:

  • Its strategic location overlooking the sea;
  • Its accessibility to the road network;
  • Its components integration and complementarity designed for customers needs.

The project consists of:

  • 165 Type A Apparts-Hotel.
  • 87 Type B Apparts-Hotel.
  • 16 Pavilions.
  • 10 Villas (high standing).
  • Hotel of 115 rooms.
  • Aqua-park.
  • Restaurants and Trade Spaces.
  • Roman Theater (Open air). 
  • Sport and Leisure Spaces.

 

The residences are each equipped with car parks and individual pools for pavilions and villas.

Works started in the second half of 2013 and their completion is scheduled for the summer of 2019.

 

The Company website: www.rusicapark.com