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Seven partnership agreements with Spanish firms finalized in 2013-2014

ALGIERS- Seven partnership agreements between the Algerian and Spanish companies for an investment amount of DZD 3 billion have been finalized in 2013-2014,said Saturday in Algiers, an official at Industrial Development and Investment Promotion Ministry.

"Just for the year 2013-2014, seven (7) Algerian-Spanish partnership operations have received State support," Secretary General of the Ministry, El Hadi Makboul said during a Spanish-Algerian economic forum attended by Minister of Tourism and Handicraft, Mohamed Amine Hadj Said and visiting Spanish Foreign Minister Jose Manuel Garcia-Margallo y Marfil.

These underway "strategic" partnerships with Spanish leading companies primarily cover the fields of manufacture of commercial vehicles and public works, construction materials and the development of recovery and waste recycling activities, he added.

"All the agreements and business plans were finalized with the working out of the Shareholders' agreements and the preparation of production start," he said during this meeting in which have participated about sixty Spanish companies and Algerian economic operators.

The volume of trade between the two countries had "substantially increased" from 8.5 billion in 2010 to $15.5 billion in 2013, "a level rarely reached" with the other partners of Algeria, said Makboul

APS  Saturday, 12 April 2014

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