According to reports from Ennahar Online, it has been quoted that China is set to make a substantial investment of $36 billion in Algeria, encompassing various sectors. The investment is expected to cover areas such as manufacturing, new technology, the knowledge economy, transport, and agriculture. Algerian President Abdelmadjid Tebboune revealed these details regarding the investment plan.

During a meeting with representatives of the Algerian community in China in the Shenzhen province, President Abdelmadjid Tebboune expressed that the projects and agreements reached with China hold great significance and offer mutual benefits to both nations. The details of these significant projects and agreements were not repeated in the statement, but it was emphasized that they are substantial and advantageous for Algeria and China alike.

Since the beginning of the week, President Abdelmadjid Tebboune has been on an official visit to China. During his visit, he had a significant meeting with Chinese leader Xi Jinping in Beijing. The meeting between the two leaders marked an important step in strengthening bilateral ties and discussing key issues of mutual interest between Algeria and China.

During a statement, President Abdelmadjid Tebboune conveyed Algeria's strong desire to elevate economic relations with Beijing to the same level of "good historical political relations" shared between the two nations.

He emphasized that his ongoing visit has paved the way for "all horizons of investment" to be explored and enhanced between Algeria and China. The President's remarks underscored the significance of strengthening economic ties and fostering greater cooperation in various sectors, signaling a renewed commitment to fostering a deeper and mutually beneficial partnership between the two countries.

In conclusion, President Abdelmadjid Tebboune's visit to China underscores Algeria's determination to elevate its economic relations with Beijing to match their robust historical political ties. By exploring new investment opportunities and fostering bilateral cooperation, the visit marks a significant milestone in strengthening the partnership between the two nations.

Image source: Reuters