
The Algerian Economic Renewal Council CREA held a high-level working meeting with the Spanish Secretary of State for Commerce, Amparo López Senovilla, in the presence of Algeria's Ambassador to Spain. This meeting is part of a renewed economic rapprochement between Algiers and Madrid, aimed at strengthening exchanges and opening new avenues for cooperation. This follows the signing of a memorandum of understanding between CREA and the Spanish Confederation of Business Organizations CEOE, designed to structure relations between business communities and promote cross-investments. CREA President Kamel Moula expressed satisfaction with the positive dynamic, emphasizing a shared commitment to consolidating bilateral economic relations and creating new partnership opportunities. Concrete announcements from the meeting include an upcoming Algerian-Spanish economic forum in Madrid and the establishment of a bilateral business council to structure economic relations and facilitate communication. Strategic sectors identified for future cooperation include energy, water management, infrastructure, and the agri-food industry. Both parties highlighted the importance of co-production industrial projects and encouraging Spanish companies to establish themselves in Algeria, particularly in energy-intensive sectors. Algeria's strategic role as a gateway to regional and African markets was also emphasized. This initiative aligns with the existing treaty of friendship and cooperation between Al
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This summary was AI-generated from a story originally published by Algérie360.