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THE COMPANY

  • General Information

Company Name 

 Société d’Infrastructures Aqua - Hôtelières d’Algérie-SIAHA Spa

 Creation Date

 July, 13th 2010

Legal Form 

 Joint Stock Company (SpA)

Head Office 

 Sidi Bouzaroura, commune de Filfila -Wilaya de Skikda- (Algeria).

 Capital 

 3 800 000 000 DZD

 Management

The company is managed by its Board of Directors, composed of five (5) members. chaired by ASICOM.

 

 

 

  • Capital                                                                                                                                                                          KDZD 
SHAREHOLDERS 2010 2011 2012 2014 2018

Since 2019

Amount % Amount % Amount % Amount % Amount % Amount %
Algerian Saudi Investment Company-ASICOM Spa 600 000 40  656 000 44 1 200 000 80 1 200 000 52 1 900 000  50   2 085 060 55
 PRIVATE PROMOTERS 900 000 60 844 000 56    300 000 20    300 000 13 300 000   8   114 940 3
 SOFINANCE  -    -       400 000 17 700 000  18   700 000 18
 FNI  -    -    -     400 000 17 900 000  24   900 000 24
 TOTAL 1 500 000   1 500 000   1 500 000   2 300 000   3 800 000   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.
  • Covered Amusement Park.
  • Wastewater Treatment Plant.
  • Water Tanks and Boreholes.

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

Works started in September  2013 and the partial operation of tourist complex was annouced on july 20,2023.

 

 

The Company website: www.rusicapark.com