Tehran to host Algerian-Iranian business forum

May 16, 2016

The second Algerian-Iranian business forum will be held today in Tehran with the aim to examine investment opportunities and partnership between the two countries.

In this context, the Algerian Minister of Industry and Mines, Abdessalem Bouchouareb, leads a delegation of more than 80 heads of public and private companies (energy, agriculture, food processing, textile, mechanical and pharmaceutical industries) as well as representatives of the Algerian chamber of commerce and industry and the national Agency for investment development.

Co-chaired by Bouchouareb and the Iranian Minister of Industry, Mining and Trade Mohammad Reza Nematzadeh, this forum will be held after the one held in December in Algiers.

The meeting will pave the way to Algeria to intensify economic cooperation with Iran, which does not reflect at present important potentialities both countries.

For example, trade between Algeria and Iran doesn’t exceed $10 million, while investment projects and partnerships are minimal with a weak presence of Iranian companies in Algeria.

(Source: ennaharonline.com)

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