Algiers - SPA
Algerian senior official lauds firmness of Saudi Algerian economic ties
Abdulkarim Mansouri, Chairman of the National Agency for Investment Promotion of Algeria, today lauded the firmness of the Saudi Algerian economic ties, encouraged by the care and interest of both the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and President Abdulaziz Boutaflika of the Democratic Popular Republic of Algeria.
In a statement to SPA, Mansouri recalled the fruitful outcomes of the Saudi Algerian Joint Committee which concluded meetings in April this year, citing the signing of a number of important agreements between giant economic and trade conglomerates of the two oil-rich countries.
In this regard he highlighted tomorrow's Media Day on the investment opportunities in Algeria to be organized in Riyadh by the Investment authority in collaboration with Algerian National Agency for Investment Promotion, and hosted by Riyadh chamber of commerce and industry.
He gave an account on the privileges and advantages offered by Algerian authorities for foreign investors, including a host of exemptions, soft loans and other facilities.