Dubai's Emaar shuts Algeria office as projects stall

Dubai's Emaar Properties has closed its office in Algeria due to a lack of progress on its projects in the North African country, the company said on Saturday.

"Emaar created designs for key developments in the country and the master plans were submitted to the authorities for necessary approval," Emaar said in a statement.

"Due to a lack of progress which is beyond the company's control, the office set up to drive these projects forward has now been closed," the company said.