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About a hundred French investments in Algeria in 10 years

 

ALGIERS- About one hundred French investments amounting to more than €2 billion were carried out during the ten past years in Algeria, said Tuesday in Algiers Director General of National Development and Investment Agency (ANDI) Abdelkrim Mansouri.
 

In a statement to the press on the sidelines of an Algerian-French business meeting, Mansouri said that there are several French investment projects in Algeria, particularly in the fields of cement works, pharmaceuticals through partnership between the French Sanofi and Saidal group, as well as tourism.

Citing the French hotel group Accor, he underlined that about fifteen projects of this hotel chain are under execution throughout several regions of the country.

Held under the theme “Better understanding the Algerian market, identifying business opportunities and finding partners,” this Algerian-French business meeting brought together the representatives of several national economic bodies and institutions with a delegation of about thirty heads of companies from the region of Provence-Alpes-Côte d'Azur (PACA) led by this region’s president Michel Vauzelle.

A total of 60 Algerian-French partnership projects in the industrial sector are being developed and will be implemented, for most of them, in Algiers, Constantine and Oran, said coordinator of industrial cooperation between Algeria and Frence Bachir Dehimi.

The cooperation concerns also training through the launch, in 2015, of construction works of four specialized schools in industry, management, corporate governance and logistics, said Dehimi.

The agreements relating to these four projects (training schools) will be signed in the forthcoming days.

 

The sectors of electronics, pharmaceuticals and professional education represent an important constituent in the strengthening of the Algerian-French economic cooperation, said Secretary General of Industry and Mining Ministry Rabea Kherfi.

Tuesday, 02 December 2014

 

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