ALGERIA, UAE TO SIGN 10 ECONOMIC CO-OPERATION DEALS TUESDAY

ALGIERS, -- The Algerian-Emirati Investment Forum held in Algiers Monday will culminate in the signing of nearly ten business agreements in various sectors, says Algerian Minister of Industry and Mining Abdesslam Bouchouareb, who has invited Emirati companies to strengthen their investments in Algeria.

In a media statement issed after the meeting, the second to be held by the two countries this year after that held in Abu Dhabi last April, Bouchouareb added that the forum would see the signing of ten agreements, which were examined during the meeting in the United Arab Emirates (UAE) earlier.

The minister added that the forum, which had brought together 50 leading Emirati firms, enabled the two sides to identify projects which would help enhance bilateral co-operation up to the level of the strategic political relations between Algeria and the UAE, as expressed by the Emirati delegation, led by Minister of State for Financial Affairs Obaid Humaid Al Tayer.

He also called for the setting up of mechanisms for more effective implementation of the different agreements signed between the two countries.

Some 40 agreements and memorandums of understanding (MoUs) have been signed between the UAE and Algeria so far. Most of them are related to investment, partnership, standardization, industrial park management, small and medium enterprises (SMEs), tourism, education, agriculture, environment, maritime transport, air services and consumer protection.

Among the sectors offering partnership opportunities, Bouchouareb cited the petrochemical industry, engineering, petroleum by-products, pharmaceutical products, agriculture and food processing.

The minister also invited Emirati companies to explore other investment opportunities with Algerian partners.

Source: Nam News Network