Algerian-Saudi Arabia: Bilateral meetings between business managers

December 4th, 2018

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APS : Monday, 03 December 2018

ALGIERS- Representatives of more than 100 Algerian companies and managers of 50 Saudi firms specialized in various economic fields examined, in bilateral meetings (B2B) Monday in Algiers,
on the sidelines of the works of the Algerian-Saudi Council, partnership and investment opportunities in the two countries.
The companies of the two countries seek to establish cooperation and partnerships in different areas, including agricultural development, land-based investment, chemical industries, entrepreneurship, green technology and mining.
Algerian companies expressed, at the meetings, their wish to develop win-win partnerships with their Saudi counterparts, mainly in renewable energy, agro-food industries, marketing, tourist management, medical product manufacturing and chemical industries.
Saudi companies expressed wish to mainly invest in hydrocarbons, mining, phosphate fertilizer, cardboard industry, agro-food industry, poultry farming, white goods industry, plastic products and textile industry.
The head of the Algerian Chamber of Commerce and Industry, Mohamed Laid Benamor, called for the liberalization of trade and investment in the two countries.
He stressed the need to provide the necessary conditions for the Algerian and Saudi businessmen to succeed in their projects.