The North Africa Journal: Private Group Issues Bond to Finance Mega City Development Project in Algiers Private Group Issues Bond to Finance Mega City Development Project in Algiers ================================================================================ The North Africa Journal on 15 February, 2009 02:13:00 This is the first time a private company seeks general investors within the Algerian market to finance its project. The company is looking to fetch DZD 8.3 billion to build what it calls the Algiers Medina, according to its Chief Executive Mohamed Abdelouahab Rahim. Continue here.