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3 clusters · 12 sources · 11 days · First seen · Last updated

Algeria international economic diversification efforts

Overview

Algeria is actively pursuing international economic diversification and increased foreign investment through targeted bilateral engagements.

In discussions with the Algerian-Russian Business Council, officials identified several key sectors for potential Russian investment, including agriculture, energy, renewable energy, industry, manufacturing, and pharmaceuticals. These efforts included preparations for an ‘Algeria Day’ event to be held in Moscow alongside the Africa-Russia Summit and Economic Forum.

Expanding on this outreach, Algeria also sought to broaden its cooperation with Norway. During the 15th Nordic-African Business Summit in Oslo, where Algeria was a guest of honor, officials promoted investment opportunities specifically in the agriculture and maritime fishing sectors to move beyond traditional energy-based partnerships. At the ‘Algeria Day’ event in Oslo, Minister of Agriculture, Rural Development, and Fisheries Sid Ali Khaldi further promoted these opportunities to strengthen commercial exchanges and food security.

Algeria is also expanding its presence in digital and energy forums. At the Global Digital Forum in Moscow, High Commissioner for Digitalization Meriem Benmouloud presented the nation’s digital transformation strategy, focusing on digital sovereignty and artificial intelligence governance. Simultaneously, ministers Mohamed Arkab and Mourad Adjal participated in Energy Week in Riyadh, Saudi Arabia. This included the 17th Ministerial Meeting of the International Energy Forum and the 25th World Petroleum Congress, aimed at strengthening cooperation regarding energy security, market stability, and technological innovation.

Entities

Omar Rekkache · Sid Ali Khaldi · Russia · Abdelmadjid Tebboune · Mourad Adjal

Timeline

  1. [INTERNATIONAL] 5 sources
    Algeria engages in digital and energy forums in Russia and Saudi Arabia

    Algeria is strengthening its international influence by presenting its digital sovereignty strategy in Moscow and participating in major energy security and investment forums in Riyadh.

  2. [BUSINESS] 5 sources
    Algeria seeks to expand economic ties with Norway

    Algeria is working to diversify its economic partnership with Norway, focusing on agriculture and fishing opportunities beyond the energy sector during the ‘Algeria Day’ event in Oslo.

  3. [BUSINESS] 6 sources
    Algeria and Russia discuss new investment opportunities

    Algerian investment officials and the Algerian-Russian Business Council are coordinating to promote investment opportunities in sectors like energy, agriculture, and pharmaceuticals to Russian companies.

Sources

africtelegraph.com · algeriepatriotique.com · cresus.dz · fr.awras.com · jeune-independant.net · lasentinelle.dz · lechodalgerie.dz · leconomistemaghrebin.com · lecourrier-dalgerie.com · maghrebemergent.com · transactiondalgerie.com · webdo.tn

This summary has been updated 1 time: see revision history