Chairman of Algeria-Qatar Parliamentary Friendship Group Affirms His Country's Commitment to Strengthening Cooperation with Qatar

Doha, February 22 (QNA) - HE Member of the Algerian National People's Assembly and Chairman of the Algeria-Qatar Parliamentary Friendship Group, Yahi Ali, affirmed his country's commitment to enhancing economic and trade cooperation with the State of Qatar.

This came in his meeting with QC Board Members Mohamed bin Ahmed Al Obaidli and Dr. Mohamed bin Jawhar Al Mohamed, in the presence of HE Shaikha bint Yousuf Hassan Al Jufairi, Member of the Shura Council and Vice Chairperson of the Algerian-Qatari Parliamentary Friendship Group.

The meeting focused on fostering Qatari-Algerian economic and trade relations, identifying key sectors for investment by businessmen from both countries, and exploring ways to enhance partnerships and economic alliances between their private sectors.

HE Yahi Ali said that Qatar is a key investment destination for Algerian investors. He highlighted Algeria's interest in strengthening cooperation with Qatari businessmen across various sectors, noting that his visit aims to explore ways to foster closer ties between the private sectors of both countries.

He also pointed to Algeria's recent economic reforms, including updates to investment laws and regulations designed to attract foreign capital. Among these is the new draft investment law, which seeks to enhance investor confidence, improve the business environment, and streamline procedures.

In his remarks, Mohamed bin Ahmed Al Obaidli emphasized the importance of the strong relations between the two brotherly countries, particularly in the commercial sector. He highlighted the presence of major successful investment partnerships across various sectors, stressing that this encourages businessmen to engage in joint ventures with their Algerian counterparts.

He further noted that the private sector in both countries plays a vital role in boosting trade exchange by establishing joint investments. He emphasized that Qatari businessmen consider Algeria as a key investment destination with promising opportunities and tremendous potential.

For his part, Dr. Dr. Mohamed bin Jawhar Al Mohamed noted that Qatar is a regional hub for investment and trade, offering incentives and facilities that enable investors to access local and regional markets. This, he added, presents a valuable opportunity for Algerian businessmen to expand their investments.

He emphasized the importance of holding joint meetings between the Qatari and Algerian sides to identify key sectors for cooperation. He also highlighted the significance of exhibitions held in both Qatar and Algeria as a platform to showcase products and foster closer ties between businessmen from both countries. (QNA)