May 5, 2024 | 2 years ago

Aquaculture: The ministry is calling on stakeholders to take advantage of the benefits of the 2024 Finance Law.

The Ministry of Fisheries and Halieutic Productions issued a statement yesterday inviting interested professionals to benefit from the incentive allocation related to tilapia production, provided for in the Finance Law for the year 2024. They are encouraged to contact its services throughout the national territory for more information and to submit the necessary documentation.

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According to the statement, this invitation is extended to freshwater fish farmers, as well as farmers practicing integrated aquaculture, who are interested in benefiting from the incentive allocation for tilapia producers. This allocation amounts to 50 Algerian dinars per kilogram of tilapia produced.


The ministry specified that the required documentation to benefit from this incentive allocation includes several documents, such as an information form to be completed by the producer according to the approved template (available at fisheries and aquaculture directorates and chambers), a copy of the commercial register, a copy of the aquaculture license, and a copy of the bank or postal identity statement (RIB).


Furthermore, the ministry also invited economic operators and young individuals interested in investing in the aquaculture sector to approach its services to learn more about the financial and tax incentives specifically dedicated to this promising sector, the statement added.

May 6, 2024 | algeria-logo