By: Hana Saada
ALGIERS– The Minister of Industry, Ahmed Zaghdar received, on Tuesday in Algiers, the president of the Algerian Economic Renewal Council (CREA), Kamel Moula, with whom he reviewed the business climate in Algeria, indicated a press release from the ministry.
The two parties discussed the new legal framework for investments, as well as the obstacles facing investors and industrialists in the realization of their projects, and the means of overcoming them.
In this context, Mr. Zaghdar reassured that his ministry would accompany all industrialists throughout the process of concretizing their investment projects.
Earlier on Monday, the President of the Republic of Uganda, Mr. Yoweri Museveni received, at his residence in Algiers, a delegation of the Algerian Economic Renewal Council (CREA), led by its President Mr. Kamel Moula.
The CREA delegation was made up of Omar Habes, Reda Hachelaf, Abdelwahed Kerrar, Lazhar Latreche, Mohamed Lamine Lebbou and Hassan Khelifati.
The Algerian Economic Renewal Council (CREA) is very active locally and internationally. It maintains a solid local, regional and international presence with a view to building fruitful partnerships, hence, installing genuine long-term economic stability and prosperity.
Elected last February at the head of the council which brings under one roof 70 founding members, representing public and private companies, start-ups and entrepreneurs, Mr. Moula, a prominent businessman, vowed to combine efforts and energies, under the “economic patriotism”, for the development of the national economy.
Prior to that, Kamel Moula was elected to lead the Club of Entrepreneurs and Industrialists of Mitidja (CEIMI) for two consecutive terms from 2014 to 2021, as he worked to improve the investment climate and its stability, encourage and support investors and restore their confidence, which has enabled it to achieve a qualitative leap by contributing to the construction of an industrial fabric in the Mitidja region.
The ambitious young businessman is also the General Manager of Venus Laboratories, which is the most famous and oldest private company specializing in the field of cosmetics.
The prominent businessman conducts intense economic diplomacy to build a solid national economy in accordance with the Algerian State’s policy on foreign trade, cooperation and partnership, especially with the regional environment of which Algeria is a pivotal pole. Aware of Algeria’s leading political, economic and cultural role, Mr. Moula has taken upon the responsibility of implementing President Tebboune’s guidance in this regard with all possible means with the aim to serve the interests of the country and realize the aspirations of the state to make 2022, the year of the economic take-off in a vision oriented according to the position of strategic Algeria in the new global geo-economic context.
Thanks to his economic sense and rich experience in economic diplomacy, CREA’s President is able to seize opportunities for investments and economic cooperation. Mr. Moula, noteworthy, was decorated on December 4, 2021, by the President of the Republic, Mr. Abdelmadjid Tebboune with the highest distinction, namely; the Order of National Merit.
