Algerian Minister Aoun: Algeria-China Partnership, a Strategic Leap towards Industrial Advancement and Prosperity
BY: Hana Saada
ALGIERS– In a significant development that promises to reshape Algeria’s industrial landscape, the Minister of Industry and Pharmaceutical Production, Ali Aoun, assured the Chinese press of a transformative cooperation between China and Algeria in the industrial sector. Emphasizing the potential benefits from the Chinese experience, especially in pharmacy, milk production, and the food industries, the Minister noted that “Algeria looks forward to a promising era of growth and progress.”
An Ambitious Industrial Cooperation
Algeria’s ambitions to bolster its industrial sector received a significant boost as Minister Ali Aoun announced the signing of partnership contracts between Algeria and China, specifically focusing on the pharmacy field. This collaboration is aimed at elevating Algeria’s pharmaceutical production capabilities, ultimately contributing to the nation’ self-sufficiency and competitiveness in the global market.
In his statement to Algiers International TV, Minister Aoun highlighted the importance of these contracts, which include both private and public companies in the pharmacy domain. He expressed optimism about the prospects, confidently stating that the partnership with China would facilitate knowledge transfer and technological exchange. By drawing from China’s extensive experience in various industrial domains, Algeria aims to revitalize its transformation industry and the food sector, bolstering economic growth and job creation in the process.
President Tebboune’s Vision
President Abdelmadjid Tebboune further emphasized the potential of Algeria as an attractive investment destination. Addressing the Algerian-Chinese Business Forum, he extended a warm invitation to Chinese businessmen to partner, invest, and capitalize on the numerous facilities and advantages offered by Algeria.
President Tebboune pointed out that Algeria possesses several inherent advantages that make it a prime destination for investment in vital sectors. These sectors include agriculture, energy, pharmaceuticals, tourism, transportation, renewable energies, and basic facilities. He underlined the government’s efforts to stimulate the economy, liberalize the market, and foster healthy competition.
Strategic Partnership and Deep Historical Relations
Acknowledging the historical ties between Algeria and China, President Tebboune expressed his commitment to strengthening the bilateral relationship. He highlighted his state visit to the People’s Republic of China, emphasizing its significance as a milestone in enhancing cooperation between the two nations.
The Algerian-Chinese Businessmen Council, as envisioned by President Tebboune, serves as a crucial mechanism to foster mutual and wealth-producing partnerships and investments. The President expressed his utmost confidence in the council’s ability to bring about a positive change and bolster economic cooperation between the friendly countries.
Looking Ahead
With the strategic partnership between Algeria and China gaining momentum, the future looks promising for both nations. Algeria’s eagerness to learn from the Chinese experience and the President’s vision of inviting Chinese investment in key sectors sets the stage for remarkable industrial advancements and economic prosperity.
As the initiatives take shape, Algeria is poised to strengthen its self-reliance and competitiveness while creating ample opportunities for growth and development. The Algerian-Chinese friendship, rooted in deep historical connections, will undoubtedly evolve into a thriving and dynamic strategic partnership that serves the mutual interests of both nations.
In conclusion, the collaboration between Algeria and China holds tremendous potential to transform the industrial landscape and usher in a new era of prosperity. By tapping into China’s expertise and investing in vital sectors, Algeria is all set to achieve greater economic growth and self-sufficiency. As the bonds of friendship strengthen, both nations can look forward to a future of shared success and shared achievements.
