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Algerian-German Business Forum: Several partnership projects identified

BERLIN- The Algerian-German Business Forum, held Tuesday in Berlin, allowed identifying several partnership projects in various areas, including 30 agreements, which will be signed in the coming months.

 The German operators have understood that Algeria has huge potentials, especially the youth and the Great South. Most of them showed keen interest in the Algerian market and expressed willingness to invest in Algeria.

 Some of them also expressed hope to visit Algeria to see the business climate.

The European market is saturated and the financial flows are becoming scarce for the German market, they said, adding that "Algeria may become a North African platform to increase their presence in Algeria."


 About thirty agreements to be signed, most projects in country's South


During the forum, it has been decided to hold meetings between the operators of both sides to further advance negotiations.


About thirty agreements will be signed in the coming months in various areas, including agriculture, environment, water treatment, production of spare parts, hydraulics, tourism, town planning, renewable energies, public works, logistics and telecommunications.


The Great South got the lion's share in terms of partnership agreements under negotiation between Algerian operators and German firms, during the Algerian-German Business Forum.


Algeria also decided to boost textile industry with the signing of agreements with German firms in the country's South.


German companies operating in Algeria (about 200) seek to broaden their activities, others want to invest in projects relating to environment, particularly in the southern provinces of Ouargla and El Oued, while others are interested in food industry and agriculture in country's South.


The Forum was co-chaired by Prime Minister Abdelmalek Sellal, who ended Tuesday evening his one-day official visit to Germany, and German Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Uwe Beckmeyer.


During his visit, Sellal held talks with German Chancellor Angela Merkel, Federal President Joachim Gauck and


Bundestag President Norbert Lammert.


APS, Wednesday, 13 January 2016

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