Africa

Algerian, Mauritanian companies called to invest in both countries

ALGIERS- Minister of Industry Ahmed Zeghdar called on Monday, in Algiers, the Algerian and Mauritanian companies to invest in the two countries, said a ministerial statement.

  The minister spoke in an audience granted at the ministry’s headquarters to a Mauritanian parliamentary delegation, led by the head of the committee on foreign affairs of the National Assembly of Mauritania Mokhtar Ould Khelifa, in which the two sides examined ways to strengthen the partnership between Algeria and Mauritania, said the source.

The minister underlined the “fraternal and historical” ties between the two neighboring countries, pointing out Algeria’s commitment to strengthening its economic ties with Mauritania, notably by increasing the bilateral trading, added the source.  

In this respect, Zeghdar underlined that the instruction given by President of the Republic Abdelmadjid Tebboune to open a shipping line between Algeria and Mauritania comes within this framework.

The minister called on the Algerian companies to invest in Mauritania and the Mauritanian companies to do the same in Algeria to enable an “exchange of experiences, notably in the sectors of industry, food-processing industry, mines and fishing.”

For his part, the head of the Mauritanian delegation expressed “his country’s willingness to promote the economic cooperation with Algeria and to benefit from its experience in the industrial field,” pointing out that “his delegation is overwhelmed at the different industrial products that it observed during its visit to several companies in the country’s different provinces, marketable in Mauritania.”  

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