China plans $36 billion investment in various sectors in Algeria: Ennahar TV

24 days ago
China plans $36 billion investment in various sectors in Algeria: Ennahar TV

Algerian President Abdelmadjid Tebboune announced on Thursday that China is set to invest a substantial $36 billion in various sectors in Algeria. The investment will cover manufacturing, new technology, knowledge economy, transport, and agriculture, marking a significant boost to the country’s economy. The news was reported by Ennahar Online.

During a gathering in Shenzhen province with members of the Algerian community in China, Tebboune expressed that the projects and agreements finalized with the Chinese side are substantial and advantageous for both nations.

President Tebboune embarked on an official visit to China earlier this week, engaging in discussions with Chinese leader Xi Jinping in Beijing on Tuesday.

The Algerian President said on Thursday that Algeria seeks to bring economic relations with Beijing to the level of “good historical political relations” and that his visit opened “all horizons of investment” between the two countries.

(Reuters)


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