Algerian-German Economic Forum Opens in Berlin to Boost Investment and Strategic Cooperation
The Algerian-German Economic Forum opened on Friday morning in Berlin, bringing together senior officials, business leaders and investors from both countries to explore new opportunities for trade, investment and industrial cooperation.
The forum is being held as part of Algerian President Abdelmadjid Tebboune’s official visit to the Federal Republic of Germany at the invitation of German President Frank-Walter Steinmeier.
The event is expected to conclude with the signing of several agreements in promising strategic sectors, including hydrocarbons, renewable energy, the energy transition, pharmaceuticals, manufacturing and advanced technology.
Speaking at the opening, Algerian Minister of Foreign Trade and Export Promotion Kamel Rezig described the forum as a major economic event and an additional achievement in the development of strategic cooperation and the distinguished partnership between Algeria and Germany.
Rezig said the gathering reflects the two countries’ determination to strengthen business relations, encourage productive investment and establish long-term partnerships between Algerian and German companies.
Frank Wetzel, State Secretary at Germany’s Ministry for Economic Affairs and Energy, praised Algeria’s investment legislation and the incentives it offers to investors. He said cooperation between the two countries had produced successful results, particularly in the energy sector.
Volker Treier, Chief Executive for Foreign Trade and member of the executive board of the German Chamber of Commerce and Industry, highlighted what he described as the dynamic transformation of the Algerian economy.
He also drew attention to Algeria’s investment potential and described the North African country as an important partner for Germany.
The forum supports the strategic partnership agenda announced during President Tebboune’s visit, which calls for deeper economic, commercial, energy and technological cooperation between the two countries.
Participants are expected to examine opportunities for joint projects, technology transfer, industrial integration and stronger direct links between companies, with the aim of raising bilateral economic relations to a new level.
