Riyadh - The Saudi-Algerian Business Forum concluded in Riyadh, marking a significant step in Saudi-Algerian economic relations with the signing of eight agreements. These agreements are designed to enhance trade and investment ties between the two nations.
According to Saudi Press Agency, the sectors covered by these agreements include trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts. Signatories included the Federation of Saudi Chambers (FSC), the Council for Algerian Economic Renewal (CREA), and various Saudi and Algerian companies. Algerian Minister of Trade and Export Promotion, Tayeb Zitouni, emphasized the new Algerian investment law, which aims to remove barriers to investment. Bader Suliman Alreziza, Vice Chairman of the FSC, highlighted the growing economic relationship between Saudi Arabia and Algeria, referencing the Saudi-Algerian Supreme Coordination Council and other collaborative initiatives.