Iran ready to support Algeria's economy diversification process

May 17, 2016

Iranian officials affirmed Monday in Tehran that their country is ready to support Algeria in the economy diversification process, notably in the sectors of industry and mines, agriculture, mechanical industry and housing.

During the second Algerian-Iranian Business Forum, President of the Iranian Chamber of Commerce Mohsen Jalalpour underlined the huge potentials possessed by the two countries to achieve this objective, namely in the sectors of industry and mines, agriculture, mechanical industry, housing, energy, steel industry, transport, pharmaceutical industry and car industry.

In this regard, Jalalpour expressed his country's willingness to help Algeria through visits of experts in order to define bilateral projects of partnership.

He added that Iran has the required potentials to achieve this goal, besides it represents a gateway between Central Asia and MENA region.

As for him, the head of the Trade Promotion Organization of Iran, Valiollah Afkhami-Rad, pointed out that industry sector accounts for Iran's one-third of GDP and agriculture in Iran is the world's fourth largest production.

Afkhami-Rad has also said that his country is ambitioning to develop and promote the commercial and economic relations with Algeria, as part of its opening up strategy to Africa.