Algiers hosted, on Monday, the activities of the Algerian-Turkish Business Forum, amid efforts by both parties to enhance the intra-trade movement of the two countries.
Anatolia Agency said that the forum was supervised by Algerian Trade Minister Tayeb Zitouni and his Turkish counterpart, Omar Bolat.
The head of the Algerian-Turkish Business Council, Jalal Sarandi Muammar, told Anadolu Agency that 29 Turkish companies registered their attendance at the forum, while 150 companies participated on the Algerian side.
Regarding the participating sectors, Sarandi pointed out that they included agriculture, automobiles, construction, electronics, chemistry, engineering, environment, tourism, manufacturing industry, metals, computer science, foodstuffs, services, textiles, and maritime transport.
The head of the Algerian-Turkish Business Council pointed out that there was great interest and a remarkable demand for registration in the bilateral talks, which brought together businessmen and company officials in the two countries.
Sarandi added, “There are those who are only interested in distributing and marketing products, and there are those who want to invest, especially in light of the presence of a stimulating Algerian investment law that provides many facilities, as well as low production costs such as labor, energy, and water.”
He considered that the two countries could go together to open the markets of the African continent, given the existence of free trade zones with several countries such as Mauritania, and soon Tunisia, Libya, Mali and Niger.
In 2023, the volume of trade exchange between the two countries reached $6.3 billion, amid efforts to raise the number to the level of 10 billion by 2025.
Yesterday, Turkish Vice President Cevdet Yilmaz praised the size of his country’s direct investments in Algeria, which amounted to about 6 billion dollars.
Yilmaz said – in a speech he delivered during an event in Algeria – that Turkish companies have undertaken, to date, 636 projects worth $21.3 billion in Algeria.
He explained that Turkish companies implemented very important projects in Algeria, such as housing, railways, highways and dams.
