The head of the Algerian Chamber of Commerce and Industry, Al-Tayeb Shabab, considered that "Qatar is the largest Arab investor in Algeria, and it accounts for 74 percent of all foreign investments in Algeria."
In a statement to Qatar News Agency, coinciding with the visit of Algerian President Abdelmadjid Tebboune to Qatar, he noted that "there is a desire to expand the volume of investments between the two countries, especially in the field of petrochemicals, as there is a great similarity in the investment climate, which will create strong medium and long-term partnerships."
He explained that "the first half of this year will witness a number of meetings between the Qatari and Algerian sides, to discuss ways to enhance cooperation and give the Qatari-Algerian partnership a strong impetus, especially since Qatar is an important economic partner for Algeria.” He pointed out that "there is a noticeable increase in the volume of joint investments, as there are currently about 115 Qatari-Algerian joint companies. Investment cooperation also witnessed great progress following the establishment of the "Algerian Qatari Steel" company in Algeria, which is considered one of the most important joint projects in the region and its investment cost exceeded two billion dollars.”
He said, “Ooredoo” also acquires about 12.9 million Algerian subscribers, and partnerships between the two countries can be expanded to include other sectors, most notably agriculture, tourism, real estate and sports."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
