Officials of Qatar Chamber held a meeting with Abdelmadjid Tebboune, the President of the People’s Democratic Republic of Algeria at the Sheraton Grand Doha Resort & Convention Hotel.
Qatar Chamber first vice chairman Mohamed bin Towar al-Kuwari attended the meeting alongside board members Abdulrahman al-Ansari, Dr Mohamed bin Jawhar al-Mohamed, and Khalid bin Jabor al-Kuwary.
During the meeting, Tebboune affirmed the strong relations between Qatar and Algeria, noting that there is a common desire to boost and develop bilateral ties in all fields. He called on Qatari investors and businessmen to invest in Algeria, noting that there is a myriad of investment opportunities available in many sectors, such as services, real estate, and industry.
Tebboune said Algeria’s investment environment is witnessing significant development with the improvement of the legal and legislative structure, indicating that a slew of laws will be issued soon to further support the investments and provide facilities for investors and businessmen.
The meeting touched on the possibility of exchanging expertise between the Qatari and Algerian private sectors and organising a business visit of Qatari businessmen to Algeria to get acquainted with the available investment opportunities.
Al-Kuwari praised the robust relations between Qatar and Algeria and the common desire of both parties to develop them, especially in economic and commercial aspects, stressing that Qatari businessmen are keen to direct their investment to Algeria.
On bilateral trade, al-Kuwari said both two countries’ trade grew by 12% from QR132mn in 2020 to QR148mn last year, noting that despite this growth in trade exchange between both brotherly countries is still below expectations and the enormous potential both countries own.
Al-Kuwari noted that there are about 52 Qatari-Algerian firms operating in Qatar in sectors, including trade, contracting, services, fashion, furnishings, interior design, and education. He pointed out that the Qatari market welcomes Algerian companies, and that there are plenty of opportunities for establishing joint ventures between companies from both countries whether in Qatar or Algeria.
He elaborated on the successful models of Qatari-Algerian partnerships, such as the Algerian-Qatari Steel Company, which owns the Bellara Steel Complex in Jijel Province, an investment cost of about $2bn, and Ooredoo Group, which has achieved remarkable success in Algeria’s telecommunications sector, in addition to several important investments by Qatari businessmen in many sectors.
During the meeting, Tebboune affirmed the strong relations between Qatar and Algeria, noting that there is a common desire to boost and develop bilateral ties in all fields. He called on Qatari investors and businessmen to invest in Algeria, noting that there is a myriad of investment opportunities available in many sectors, such as services, real estate, and industry.
Tebboune said Algeria’s investment environment is witnessing significant development with the improvement of the legal and legislative structure, indicating that a slew of laws will be issued soon to further support the investments and provide facilities for investors and businessmen.
The meeting touched on the possibility of exchanging expertise between the Qatari and Algerian private sectors and organising a business visit of Qatari businessmen to Algeria to get acquainted with the available investment opportunities.
Al-Kuwari praised the robust relations between Qatar and Algeria and the common desire of both parties to develop them, especially in economic and commercial aspects, stressing that Qatari businessmen are keen to direct their investment to Algeria.
On bilateral trade, al-Kuwari said both two countries’ trade grew by 12% from QR132mn in 2020 to QR148mn last year, noting that despite this growth in trade exchange between both brotherly countries is still below expectations and the enormous potential both countries own.
Al-Kuwari noted that there are about 52 Qatari-Algerian firms operating in Qatar in sectors, including trade, contracting, services, fashion, furnishings, interior design, and education. He pointed out that the Qatari market welcomes Algerian companies, and that there are plenty of opportunities for establishing joint ventures between companies from both countries whether in Qatar or Algeria.
He elaborated on the successful models of Qatari-Algerian partnerships, such as the Algerian-Qatari Steel Company, which owns the Bellara Steel Complex in Jijel Province, an investment cost of about $2bn, and Ooredoo Group, which has achieved remarkable success in Algeria’s telecommunications sector, in addition to several important investments by Qatari businessmen in many sectors.