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. |
- Capital KDZD
SHAREHOLDERS | 2010 | 2011 | 2012 | 2014 | 2018 |
2019 |
||||||
Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | |
Société Algéro-Saoudienne d'Investissement "ASICOM" | 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 at the end of 2013 and the tourist complex will enter in operation in July 2023.
The Company website: www.rusicapark.com