Algeria-Saudi Arabia Economic Forum Kicks Off in Riyadh: Promoting Bilateral Trade and Investment
BY: Hana Saada
ALGIERS- The inaugural session of the Algeria-Saudi Arabia Economic Forum commenced on Thursday in Riyadh, Saudi Arabia, with the presence of Algerian Minister of Commerce Mr. Tayeb Zitouni and the Secretary-General of the Saudi Ministry of Investments Mr. Badr Ben Brahim El Badr.
The forum witnessed active participation from a delegation of Algerian business leaders led by the head of the Algerian Economic Renewal Council (CREA), Mr. Kamel Moula.
During his address, Minister Zitouni underscored the economic reforms initiated by President Abdelmadjid Tebboune. “These reforms are centered around the development of new foundational infrastructure and a comprehensive overhaul of legal frameworks to align with global economic transformations, aiming to foster a business-friendly environment that attracts foreign investments and stimulates wealth creation,” he declared.
The forum serves as a platform for fostering economic cooperation between Algeria and Saudi Arabia, exploring avenues for mutual investment, and enhancing bilateral trade relations. The participation of high-profile government officials and business leaders from both countries signifies a commitment to strengthening economic ties and exploring new opportunities for collaboration.
Minister Zitouni’s emphasis on creating a conducive business climate aligns with Algeria’s broader strategy to attract foreign investments and promote sustainable economic growth. As the forum progresses, stakeholders from both nations are expected to engage in discussions on specific sectors, investment incentives, and collaborative projects that can drive economic development in Algeria and Saudi Arabia.
