Strengthening Economic Ties: Algerian-Belgian Economic Forum Highlights Investment Opportunities
✏️ BY: Dr. Hana Saada
Algiers, Algeria | June 28th, 2024 — On June 28, 2024, the Algerian Embassy in Belgium, in collaboration with the Arab-Belgian-Luxembourg Chamber of Commerce and the Chamber of Commerce and Entrepreneurs of Brussels, organized an Algerian-Belgian Economic Forum in Brussels. The event brought together more than a hundred companies from Belgium and Luxembourg to discuss business environments and investment opportunities in Algeria, particularly in the sectors of startups, digital technology, and clean and renewable energies.
Promoting Economic Diplomacy
This forum is part of the broader strategy of Algerian economic diplomacy, aimed at fostering international business relationships and attracting foreign investment. Algerian Ambassador to Belgium and Luxembourg, Mr. Mohamed El Amine Bencherif, delivered a keynote address, highlighting the strong bilateral relations and the substantial trade exchange of over €2.7 billion in 2023, with a favorable balance for Algeria. He emphasized the significant improvements in Algeria’s business environment under the leadership of President Abdelmadjid Tebboune, including enhanced transparency, reduced bureaucratic hurdles, and lower costs for investors.
Focus on Startups and Renewable Energy
The forum underscored Algeria’s commitment to becoming a hub for startups and digital innovation, as well as its focus on clean and renewable energy sectors. These areas were spotlighted as prime opportunities for investment and partnership, offering lucrative prospects for Belgian and Luxembourgish companies looking to expand into North Africa.
Testimonials and Encouragement
Mr. Réné Branders, President of the Belgian Federation of Enterprises (FEB), praised the Algerian market’s potential and called for increased Belgian business engagement in Algeria. His endorsement underscores the growing confidence in Algeria as a viable and attractive destination for foreign investment.
Expert Insights and Networking Opportunities
Key presentations were delivered by Mr. Sid Ali Zerrouki, General Director of Algeria Venture, Mr. Mehdi Bendimered, Chairman of the Board of the Green Energy Cluster Algeria (GEC’A), and Mr. Omar Boubekeur, Director of the Decentralized Office of Sidi Bel-Abbes at the Algerian Investment Promotion Agency. Their insights into the startup ecosystem, renewable energy initiatives, and investment facilitation provided valuable information for potential investors.
Cultural and Business Exchange
The forum also featured productive B2B meetings between participants and the Algerian delegation, fostering direct dialogue and potential collaborations. Attendees had the opportunity to enjoy a traditional Algerian gastronomic meal, adding a cultural dimension to the business-focused event and reinforcing the warm hospitality and rich heritage of Algeria.
The Algerian-Belgian Economic Forum in Brussels marked a significant step in strengthening economic ties and exploring new avenues for investment between Algeria and Belgium. By highlighting the improvements in the business environment and showcasing opportunities in key growth sectors, the forum successfully attracted the interest of Belgian and Luxembourgish companies.
About Dzair Tube Media Group
Dzair Tube has firmly established itself as a prominent player among Algerian digital news sites, offering a diverse and enriching content experience. The platform, available in Arabic, French, and English editions, captures the attention of a wide-ranging audience, amassing over half a million daily clicks.
A testament to its commitment to excellence, Dzair Tube received the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This recognition underscores the platform’s unwavering dedication to upholding the highest standards of journalism.
With a significant online presence, Dzair Tube boasts 350,000 subscribers on YouTube, over five million followers on various Facebook pages, and 450,000 subscribers on Instagram. Its digital channel has become a hub for diverse programming, covering news, sports, entertainment, culture, and religion, catering to a broad spectrum of audience preferences.
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The success of the print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further highlights the platform’s impact, with over 50,000 daily downloads from the official Dzair Tube website.
Honored with the Media Leadership Award from the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the landscape of Algerian digital news, maintaining a position of influence and impact in the media industry.
