Council of Saudi Chambers meets with Algeria's prime minister to discuss trade relations
Saudi Minister of Commerce and Investment Dr. Majid Al Qasabi was among those in attendance.
Sellal encouraged cooperation between the Saudi and Algerian businesspeople in attendance, saying that new development project collaborations would benefit both countries. He hopes his visit will help grow bilateral trade and investment in different sectors.
CSC Chairperson Dr. Hamdan Al Samreen, for his part, spoke about the keenness of Saudi businesspeople to develop inter-country relationships.
He talked about the Saudi-Algerian Business Council’s role in creating opportunities. He also touched on the two regions’ trade developments over the last decade.
Between 2006 and 2015, trade developments grew from $95 million to $573 million.
Samreen stated that Saudi-Algerian cooperation is in line with Saudi Vision 2030, which includes increasing Saudi exports and foreign direct investments as one of its main goals.