UAE DEPUTY PM BEGINS OFFICIAL VISIT TO ALGERIA

TIARET, ALGERIA, -- The Deputy Prime Minister and Minister of Presidential Affairs of the United Arab Emirates (UAE), Sheikh Mansour Bin Zayed Al Nahyan, has started an official visit to Algeria after arriving in the province of Tiaret, some 280 kilometres south west of the capital, Algiers, Tuesday.

Sheikh Mansour Bin Zayed Al Nahyan was welcomed upon his arrival at Abdelhafid Boussouf Airport here by Algeria's Deputy Minister of National Defence and Chief of staff of the People's National Army (ANP), Lieutenant-General Ahmed Gaid Salah.

The Emirati official will visit Mercedes Benz car manufacturing plant in AA�n Bouchekif in Tiaret Province, built under an Algerian-Emirati-German partnership. He will also visit the Chaouchaoua equine breeding centre in Tiaret.

Meanwhile, Algerian and Emirati business people who took part in the 2nd Algeria-UAEIinvestment Forum held in Algiers Monday have expressed their willingness to engage in bilateral partnerships in promising sectors like agriculture and renewable energy.

Representatives from both countries highlighted multiple partnership opportunities between Algeria and the UAE, stressing that these opportunities had not been fully exploited although they had witnessed development in recent years.

The amendment to Algeria's investment law and the measures taken under the North African country's new economic model recently adopted by the Government to face the financial crisis caused by the fall in oil prices, constituted a real opportunity likely to encourage Emirati investors and companies to engage in partnerships with their Algerian counterparts.

The Deputy Secretary-General of the UAE Union of the Chambers of Trade and Industry called on Emirati states to seize the "exceptional opportunities" offered by Algeria, thanks to the its natural wealth, to benefit from incentives decided by the Algerian government.

The sectors of agriculture, renewable energies, tourism, health and transport are among the sectors Emirati operators are willing to invest in.

The Secretary-General of the UAE Union of the Chambers of Trade and Industries, Hamid bin Mohamed bin Salem, said members of the Emirati delegation made up of private companies had shown interest in the opportunities offered by the Algerian market in all fields.

Source: Nam News Network