In a significant step towards strengthening economic relations, Algerian Trade Minister Taieb Zitouni met with his Saudi counterpart, Majid bin Abdullah Al Qasabi, who is also the Chairman of the Saudi Export Authority.
The meeting, held during Zitouni’s working visit to Saudi Arabia, focused on exploring ways to enhance trade exchanges and implement investment projects in Algeria under the new investment law.
The ministry’s statement, released on Thursday, highlighted that the discussions were part of Zitouni’s ongoing efforts to foster bilateral ties and promote foreign investment in Algeria.
The two ministers examined various strategies to develop the trade dynamics between the two nations, emphasizing the potential of Algeria’s new investment framework to attract Saudi investors.
This meeting marks a critical step in the ongoing collaboration between Algeria and Saudi Arabia, aiming to expand commercial exchanges and strengthen investment cooperation.
Both countries have expressed a keen interest in leveraging their strategic positions and resources to build a robust economic partnership.
As Algeria unveils its new investment law, this engagement with Saudi Arabia could signal a new era of increased foreign investment and diversified economic growth, benefiting both economies.
