BY: Dr. Hana Saada
Algiers, Algeria | December 5th, 2024 — Sonelgaz, Algeria’s leading energy conglomerate, has officially announced its readiness to forge dynamic partnerships with Mexican investors, underscoring the country’s commitment to fostering a conducive economic environment for foreign collaboration. This step was revealed during a high-level meeting between Mourad Adjal, CEO of Sonelgaz, and José Ignacio Madrazo Bolivar, Mexico’s Ambassador to Algeria.
The discussions, held at Sonelgaz’s headquarters, revolved around deepening bilateral relations and identifying opportunities for enhanced cooperation between Sonelgaz and Mexico’s economic operators. This meeting follows an earlier engagement between Adjal and the Mexican ambassador on July 15, 2024, which laid the groundwork for exploring joint ventures in the energy sector.
In a statement issued by Sonelgaz, Adjal reiterated the company’s commitment to aligning with the directives of Algeria’s top leadership by actively inviting Mexican investors to explore opportunities within Algeria’s thriving energy market. “Sonelgaz stands as a gateway to Algeria’s vibrant economic landscape, offering a stable and attractive investment climate,” Adjal affirmed.
Ambassador Madrazo Bolivar praised Sonelgaz’s proactive approach and expressed satisfaction with the outcomes of the discussions. He highlighted the company’s strong willingness to encourage Mexican businesses to penetrate the Algerian market and capitalize on its vast energy potential.
The dialogue also emphasized the strategic alignment between Algeria and Mexico in fostering mutually beneficial economic partnerships. Areas of interest include power generation, renewable energy, and technological innovation in energy infrastructure, which present lucrative prospects for collaboration.
By extending an open invitation to Mexican investors, Sonelgaz is not only strengthening Algeria’s economic ties with Latin America but also reinforcing its position as a regional leader in the energy sector. This initiative is a testament to the company’s vision of fostering sustainable development through international cooperation and investment.
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