Several US companies show interest in promising Algerian market

GMT 22:20 2014 Thursday ,25 September

Arab Today, arab today Several US companies show interest in promising Algerian market

Algerian market
New York - APS

Several managers of US and African companies have expressed on Wednesday in New York, their interest in the Algerian market dubbing it "attractive" and "promising".
During a session of the summit on investment in Africa, devoted to Algeria, which was attended by Deputy Minister for Maghreb and African Affairs Abdelkader Messahel, the managers said they want to further know the potential of the Algerian market.
Speaking at the summit, the manager of a US firm specializing in the renewable energies and the protection of the environment voiced his "extreme interest" in finding an Algerian partner so to embark the Algerian market, rich with the natural resources.
Another manager of a company for the manufacturing of electronic equipments showed a special interest in the Algerian industrial sector, which has numerous assets for significant development.
The participants, about 100 hundred, hailed Algeria’s impressive capacity "to maintain its stability in a region that experiences much trouble."
After listening to these speakers, the Minister said that the business climate continues to improve and Algeria is considered as a country with real opportunities for investment.
In this context, he highlighted the "constant" and "persistent" effort to facilitate the creation of businesses and activities.
Moreover, he insisted on removing the misunderstanding on the "51/49" rule governing foreign investment in Algeria by saying that it in no way hampers investments in Algeria, as their amount hits $4.5 billion in 2013.
He also announced that Minister of Industry and Mining will host on October 26- 28, panel discussions in Washington DC and Chicago on investment opportunities in Algeria.

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