Algeria is set to present its investment opportunities at the Africa-Russia Summit, scheduled to take place in Moscow later this month. The country's efforts to attract foreign investment will be highlighted, with a focus on sectors such as agriculture, energy, and industry. This move is part of Algeria's strategy to strengthen its economic ties with Russia and other African nations. A recent meeting between Algerian and Russian officials discussed the preparation of an Algerian day at the summit, where investment opportunities will be showcased.
The meeting, held via videoconference, was attended by Omar Rekkache, Director-General of the Algerian Agency for the Promotion of Investment (AAPI), and Ahmed Azimov, President of the Algero-Russian Business Council. They reviewed ways to enhance economic and investment partnerships between Algeria and Russia, following the 13th session of the mixed Algero-Russian intergovernmental commission held in Moscow in June. The commission's session resulted in the signing of several agreements and memoranda, including cooperation in customs, tourism, and pharmaceuticals.
During the meeting, Rekkache highlighted Algeria's promising sectors, including agriculture, renewable energy, industry, and pharmaceuticals. He emphasized the AAPI's readiness to support investors and facilitate project implementation. Azimov expressed Russian companies' interest in investing in Algeria, stressing the importance of technology transfer and expertise exchange. The Algero-Russian Business Council is willing to promote investment opportunities in Algeria and encourage partnerships between companies.
The Africa-Russia Summit, set to take place in Moscow, will provide a platform for Algeria to showcase its investment opportunities. The summit aims to strengthen economic ties between Russia and African nations. Algeria's participation in the summit is expected to attract Russian investors and promote bilateral trade. The country's efforts to improve its business climate and investment environment will be highlighted.
In June, the 13th session of the mixed Algero-Russian intergovernmental commission resulted in several agreements and memoranda. These included cooperation in customs, tourism, and pharmaceuticals, as well as a plan of action for implementing a memorandum of understanding on cooperation in metrology. The agreements demonstrate the commitment of both countries to enhancing their economic partnership.
Algeria's Ambassador to Russia, Toufik Djouama, attended the meeting, emphasizing the importance of strengthening economic ties between the two nations. The Algerian government's efforts to attract foreign investment and promote economic growth will be highlighted at the summit. The country's investment opportunities and business climate will be presented to Russian investors.
The Africa-Russia Summit will provide a platform for Algeria to engage with Russian investors and promote its economic interests. The summit is expected to attract high-level officials and business leaders from Russia and Africa. Algeria's participation in the summit is a significant step towards strengthening its economic ties with Russia and other African nations.
Key points
- Algeria will present its investment opportunities at the Africa-Russia Summit in Moscow, aiming to attract Russian investors and promote bilateral trade.
