M. Ghrieb reçoit une délégation du groupe malaisien « Lion »
On Monday, Algerian Industry Minister Sifi Ghrieb hosted a delegation from the Malaysian company « Lion, » led by Executive Director William Cheng. The meeting took place at the Ministry’s headquarters and included representatives from the El Hadjar steel complex.
This gathering provided an opportunity to discuss the progress of discussions regarding Lion’s investment proposals in Algeria, particularly within the manufacturing and steel industries. The talks also encompassed various productive projects aimed at adding value to meet both local and international market demands.
During the meeting, Minister Ghrieb emphasized the Algerian government’s commitment to creating a conducive investment environment that promotes a win-win partnership with foreign investors. This includes simplifying procedures and enhancing the overall business climate. He underscored the crucial need to incorporate local raw materials into the industrialization process, highlighting its impact on boosting value addition and strengthening national industrial sovereignty. Furthermore, Ghrieb stressed the importance of retaining local workforce participation in proposed projects, which he believes will contribute to economic and social development within the region.
William Cheng, the president of the Lion Group, expressed the company’s keen interest in successfully investing in Algeria. He assured the Algerian side that Lion is prepared to present concrete investment proposals promptly, working closely with relevant technical stakeholders.
This engagement reflects both parties’ mutual desire to advance Algeria’s industrial sector and create a robust investment framework that benefits both local economies and international partnerships.
The dialogue aims to align strategic interests between Algeria and the Malaysian group, focusing on a broad range of sectors, primarily manufacturing and steel production, which are essential for the country’s economic development. The Algerian government is eager to facilitate foreign investment that fulfills its objectives of industrial growth while ensuring that local resources and labor are utilized effectively.
In summary, the meeting between Minister Ghrieb and the Lion Group serves as a significant step towards fostering international investment in Algeria’s industrial landscape. The discussions highlight the importance of collaboration, resource utilization, and commitment to local economic growth, placing the country on a path of enhanced industrial development and economic prosperity.
