Qatar keen to de­velop re­la­tion­ship with Al­ge­ria: QBA

QBA hosts Al­ge­rian min­is­ter of com­merce; two sides agree to ac­ti­vate Qatari-Al­ge­rian Busi­ness Coun­cil

Gulf Times Business - - FRONT PAGE -

Qatar is keen to de­velop its re­la­tion­ship with Al­ge­ria, and the coun­try’s in­vestors will be in­ter­ested in the Al­ge­rian mar­ket and its in­vest­ment op­por­tu­ni­ties, Qatari Busi­ness­men As­so­ci­a­tion lead­ers told Al­ge­ria’s min­is­ter of com­merce here.

The QBA held a meet­ing with Al­ge­ria’s Min­is­ter of Com­merce Said Djellab and the ac­com­pa­ny­ing del­e­ga­tion.

Wel­com­ing the Al­ge­rian del­e­ga­tion, QBA chair­man HE Sheikh Faisal bin Qas­sim al-Thani stressed on the “im­por­tance of the Al­ge­rian mar­ket and the nat­u­ral and eco­nomic re­sources of Al­ge­ria.”

Sheikh Faisal talked about “his own ex­pe­ri­ence as an in­vestor, fo­cus­ing on the coun­try’s nat­u­ral po­ten­tials such as cli­mate, di­ver­sity, and agri­cul­tural land that could be very use­ful for mu­tual col­lab­o­ra­tion in the agri­cul­tural and tourism sec­tors; in ad­di­tion to the skilled and spe­cialised labour avail­able in Al­ge­ria.” He also pointed to the keen­ness of Qatari busi­ness­men to dis­cuss the means of co-op­er­a­tion and in­vest­ment in Qatar and Al­ge­ria as long as the co-op­er­a­tion achieves mu­tual ben­e­fits.

Sheikh Faisal con­firmed QBA’s “in­ter­est” in the Al­ge­rian mar­ket and its in­vest­ment op­por­tu­ni­ties. He also pointed at the open­ness of the Qatari mar­ket to in­vest­ments and partnership.

The two sides agreed to ac­ti­vate the Qatari-Al­ge­rian Busi­ness Coun­cil. The coun­cil will aim at creat­ing the right en­vi­ron­ment for in­vest­ment and ex­plor­ing the po­ten­tial in­vest­ment pro­jects that could be of in­ter­est to both the coun­tries. QBA first deputy chair­man Hus­sain Al­far­dan spoke about Qatar’s keen­ness to de­velop its re­la­tion­ship with Al­ge­ria, which of­fers “di­ver­si­fied in­vest­ment op­por­tu­ni­ties” in many sec­tors such as agri­cul­ture, tourism and in­dus­try, es­pe­cially in the food sec­tor.

Min­is­ter Djellab ex­pressed his hap­pi­ness at his meet­ing with the QBA lead­er­ship, and said “such meet­ings con­firm the strong re­la­tions be­tween the two broth­erly coun­tries”. He called for fur­ther de­vel­op­ment of the Qatari-Al­ge­rian eco­nomic re­la­tion­ship “to a level of as­pi­ra­tion” for the two coun­tries.

The Al­ge­rian mar­ket is “large and promis­ing” and has “many po­ten­tials and in­vest­ment op­por­tu­ni­ties” in sec­tors such as min­ing, phar­ma­ceu­ti­cals, tourism, in­dus­try, ser­vices and agri­cul­ture, which he said, will po­ten­tially en­cour­age Qatari in­vestors to es­tab­lish busi­nesses.

“Al­ge­ria is the gate­way of Africa for its im­por­tant ge­o­graph­i­cal lo­ca­tion be­tween the con­ti­nents of Europe and Africa. We also have ex­cel­lent re­la­tion­ship with all African and Euro­pean coun­tries, and the Qatari in­vestors can ben­e­fit from th­ese,” Djellab said.

Bi­lat­eral trade be­tween the two coun­tries reached QR163mn in 2017 com­pared to QR134mn in the pre­vi­ous year, a growth of 22%. Some 115 Qatari-Al­ge­rian com­pa­nies op­er­ate in the Qatari and Al­ge­rian mar­kets. The Al­ge­rian am­bas­sador Ab­de­laziz al-Sabaa was among those present.

The QBA del­e­ga­tion also com­prised Saud al-Mana, Khalid al-Man­nai, Maq­bool Habib Khal­fan, Ab­dul­lah al-Kubaisi, Mo­hamed Althaf and Sheikh Khalid bin Nawaf bin Nasser al-Thani.

The Qatari Busi­ness­men As­so­ci­a­tion held a meet­ing with Al­ge­ria’s Min­is­ter of Com­merce Said Djellab and the ac­com­pa­ny­ing del­e­ga­tion in Doha. Wel­com­ing the Al­ge­rian del­e­ga­tion, QBA chair­man HE Sheikh Faisal bin Qas­sim al-Thani stressed on the “im­por­tance of the Al­ge­rian mar­ket and the nat­u­ral and eco­nomic re­sources of Al­ge­ria.” Sheikh Faisal talked about “his own ex­pe­ri­ence as an in­vestor, fo­cus­ing on the coun­try’s nat­u­ral po­ten­tials such as cli­mate, di­ver­sity, and agri­cul­tural land that could be very use­ful for mu­tual col­lab­o­ra­tion in the agri­cul­tural and tourism sec­tors; in ad­di­tion to the skilled and spe­cialised labour avail­able in Al­ge­ria.” Pic­ture shows HE Sheikh Faisal, Hus­sain Al­far­dan and Djellab with Al­ge­rian del­e­ga­tion and QBA mem­bers.

HE Sheikh Faisal pre­sent­ing a sou­venir to Djellab, as Hus­sain Al­far­dan looks on.

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