Qatar Chamber meets Algerian President

Qatar Chamber officials met with Abdelmadjid Tebboune, the President of the People’s Democratic Republic of Algeria, at the Sheraton Grand Doha Resort & Convention Hotel.

Qatar Chamber First Deputy Speaker Mohamed bin Towar al-Kuwari attended the meeting alongside board members Abdulrahman al-Ansari, Dr. Mohamed bin Jawhar al-Mohamed and Khalid bin Jabor al -Kuwary.
During the interview, Tebboune affirmed the strong relations between Qatar and Algeria, noting that there is a common will to energize and develop bilateral relations in all fields. He called on Qatari investors and businessmen to invest in Algeria, noting that there are a myriad of investment opportunities available in many sectors, such as services, real estate and industry.
Tebboune said that the investment environment in Algeria is witnessing a significant development with the improvement of the legal and legislative structure, indicating that a series of laws will soon be enacted to further support investments and provide facilities for investors and businessmen.
The meeting discussed the possibility of exchanging skills between the Qatari and Algerian private sectors and organizing a business visit of Qatari businessmen to Algeria to familiarize themselves with the investment opportunities available.
Al-Kuwari hailed the strong relations between Qatar and Algeria and the common will of the two parties to develop them, especially in the economic and commercial aspects, stressing that Qatari businessmen are eager to direct their investments towards Algeria.
Regarding bilateral trade, al-Kuwari said that the trade of the two countries increased by 12 percent, from QR 132 million in 2020 to QR 148 million last year, noting that despite this growth in trade between the two brotherly countries is still below expectations and the enormous potential that both countries possess.
Al-Kuwari noted that there are around 52 Qatari-Algerian companies operating in Qatar in sectors including trade, contracts, services, fashion, furniture, interior design and education. He pointed out that the Qatari market welcomes Algerian companies and that there are many opportunities to establish joint ventures between companies from the two countries, whether in Qatar or Algeria.
He has developed the successful models of Qatari-Algerian partnerships, such as the Algerian-Qatari Steel Company, which owns the Bellara Steel Complex in Jijel Province, an investment of around $2 billion, and the Ooredoo Group, which achieved remarkable success in Algeria. telecommunications sector, in addition to several major investments by Qatari businessmen in many sectors.