Algeria has been chosen as the guest of honor at the 15th Scandinavian-African Economic Summit, a testament to the country's strong relations with Norway. Algerian Minister of Agriculture, Rural Development, and Maritime Fishing, Sid Ali Khaldi, attended the opening of the "Algeria Day" event in Oslo, where he highlighted the two countries' shared desire to enhance cooperation and partnership. The event aims to promote Algeria's economic and cultural potential, as well as investment opportunities in key sectors.
The Algeria Day event, held on October 7, 2026, was co-inaugurated by Khaldi and Norwegian Minister of Fisheries and Ocean Policy, Marianne Sivertsen Næs. The event brings together Algerian and Norwegian business leaders to explore opportunities for collaboration and investment. Khaldi emphasized the significance of the Algeria-Norway relationship, which has been strengthened through high-level visits and regular consultations. He expressed hopes that the partnership would expand beyond the energy sector to other areas, including agriculture and maritime fishing.
Khaldi highlighted the importance of Algeria's agricultural sector, which is a cornerstone of the country's food security and economic diversification efforts. He noted that the sector has received special attention from the Algerian President. The minister invited Norwegian investors to seize the opportunities available in Algeria, particularly in the context of reforms aimed at improving the business climate. He cited measures such as a stable legal framework for investment, a one-stop shop, and enhanced guarantees for foreign partners.
The event saw the signing of a memorandum of understanding between the Algerian Chamber of Commerce and Industry and the Oslo Chamber of Commerce. This agreement provides an institutional framework for enhancing cooperation and bringing together business leaders and economic operators from both countries. Algeria is participating in the event with a multi-sectoral delegation, including representatives from the Algerian Chamber of Commerce and Industry, the Algerian Investment Promotion Agency, and the National Company for Exhibitions and Export.
The Algerian delegation's participation in the event is part of a broader effort to promote the country's economic potential and attract foreign investment. Khaldi toured an exhibition of Algerian products, which aimed to showcase the country's diverse products and export opportunities. The exhibition was co-opened by Khaldi and Næs. The Algerian minister expressed his hope that the Algeria Day event would mark the beginning of a promising and sustained partnership between Algeria and Norway.
The event has provided a platform for Algerian and Norwegian businesses to network and explore opportunities for collaboration. Khaldi emphasized the importance of strengthening economic ties between the two countries, particularly in areas such as agriculture and maritime fishing. He noted that the two countries share a common goal of diversifying their economies and promoting sustainable development.
The Algeria Day event in Oslo has concluded, but its impact is expected to be felt in the coming months. Algerian officials hope that the event will lead to increased investment and cooperation between Algeria and Norway. The two countries are expected to build on the momentum generated by the event to further strengthen their economic ties.
Key points
- Algeria seeks to strengthen economic ties with Norway and attract investors through its participation in the 15th Scandinavian-African Economic Summit.
