Cairo – Egypt and Algeria are actively working to increase bilateral trade volume to $5 billion in the coming years, according to statements made by the Egyptian Prime Minister, Mostafa Madbouly, in Cairo on Wednesday.
The Prime Minister emphasized that this initiative is driven by the directives of the political leadership in both countries, reflecting a shared commitment to strengthening economic ties and fostering mutual prosperity.
“We are determined to unlock the full potential of our economic partnership with Algeria,” stated Prime Minister Madbouly. “Achieving a trade volume of $5 billion is an ambitious but attainable goal, and we are confident that through collaborative efforts and strategic initiatives, we can reach this milestone.”
The focus on expanding trade relations highlights the strategic importance both nations place on diversifying their economies and creating new opportunities for businesses and investors. Increased trade is expected to stimulate job creation, promote innovation, and enhance the overall competitiveness of both Egypt and Algeria in the global marketplace.
Details on specific sectors targeted for growth and planned initiatives to facilitate trade were not immediately available. However, analysts suggest that key areas of focus could include agriculture, manufacturing, energy, and infrastructure development.
This announcement underscores the growing economic cooperation between Egypt and Algeria and signals a positive outlook for future collaboration across various sectors.
