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MENAFN - Saudi Press Agency - 02/01/2011

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(MENAFN - Saudi Press Agency) Turkish Ambassador in Algeria, Ahmed Nsate Bigali said the Algerian-Turkish trade volume in 2009 amounted to approximately 5 billion while the volume of Turkish direct investments in Algeria accounted for 350 million.

He also disclosed that a joint factory for the production of iron and steel with an estimated capital of 450 million, will be completed in the near future.
The Turkish Ambassador stressed the need to raise the level of trade between the two countries in light of the facilities offered by Algeria to the foreign investors.

He said the development, diversification and pushing forward bilateral cooperation in various fields of investment and trade, will only be achieved by linking the strong relations between the businessmen of Algeria and Turkey as well as by organizing bilateral meetings to identify the most important areas of investment and the opportunities offered by economies of both countries in vital and strategic fields.

 






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