Algiers – Minister of State, Minister of Hydrocarbons and Mines, Mohamed Arqab, received a delegation from the German company Siemens Energy today, Monday, to discuss potential investment opportunities in Algeria, according to a statement released by the ministry.
The discussions centered on exploring avenues for collaboration, particularly in the development of green hydrogen, various mining projects, and seawater desalination initiatives. The meeting underscores Algeria’s commitment to attracting foreign investment in key sectors to drive economic growth and diversification.
Minister Arqab emphasized Algeria’s strategic location and abundant natural resources, making it an attractive destination for international investors. He highlighted the government’s efforts to streamline investment procedures and create a favorable business climate.
The Siemens Energy delegation expressed keen interest in Algeria’s potential and reiterated the company’s commitment to contributing to the country’s energy transition and sustainable development goals. Both parties agreed to continue discussions and explore concrete projects in the near future.
This meeting reflects Algeria’s ongoing efforts to strengthen its partnerships with leading international companies and leverage their expertise to develop its energy and mining sectors. The focus on green hydrogen aligns with Algeria’s ambitions to become a major player in the global clean energy market.
The development of these sectors is crucial for Algeria’s long-term economic prosperity and its ability to meet the growing demand for energy and resources both domestically and internationally. Further details on specific projects are expected to be announced in the coming weeks.
