Arkab reçoit une délégation d’hommes d’affaires saoudiens
Title: Strengthening Saudi-Algerian Cooperation in Energy and Mining Sectors
On Monday, Algerian Minister of State for Energy, Mines, and Renewable Energy, Mohamed Arkab, welcomed a high-level delegation of Saudi businessmen to discuss investment opportunities in Algeria’s energy sector. The meeting, attended by Secretary of State for Mines Karima Tafer and Saudi Ambassador to Algeria Abdullah Bin Nasser Al-Bussairi, was primarily focused on enhancing bilateral cooperation in energy, mining, renewable energy, and seawater desalination.
The meeting’s agenda included assessing potential partnerships and investments within Algeria, showcasing both parties’ commitment to expanding their collaboration in the oil and gas sector. They specifically concentrated on the development of petrochemical industries, manufacturing equipment, and utilizing mineral resources and strategic metals.
Minister Arkab provided an in-depth overview of Algeria’s energy sector strategy, highlighting promising investment opportunities facilitated by new legal frameworks around investment, hydrocarbons, and mining. He emphasized Algeria’s commitment to supporting investors with the necessary resources and infrastructure to ensure joint project success.
The discussions also touched on the significant potential for collaboration in renewable energy and green hydrogen sectors, alongside the National Seawater Desalination program. A key initiative was the establishment of a local industry focused on manufacturing equipment and technologies relevant to these sectors.
Furthermore, Arkab urged Saudi businesses to invest in the exploration and exploitation of mineral resources, especially rare earth elements and strategic metals. He underscored the importance of technology transfer, expertise, and training as integral components of successful cooperation between the two countries.
The Saudi delegation expressed enthusiasm regarding the status of bilateral relations and the growing interest from Saudi businesses in the Algerian market. The favorable and transparent investment climate in Algeria was highlighted as a major motivator for potential investors.
The meeting concluded with an agreement to continue coordination through future bilateral meetings aimed at identifying concrete projects and establishing mutually beneficial partnerships.
Overall, this dialogue marks an important step in building stronger economic ties between Algeria and Saudi Arabia, particularly in the rapidly evolving sectors of energy and mining.
