
The Algerian Economic Renewal Council CREA held a high-level working meeting with Spain's Secretary of State for Commerce, Amparo López Senovilla, and the Algerian Ambassador to Spain. This meeting is part of a renewed economic rapprochement between Algiers and Madrid, aimed at strengthening exchanges and opening new cooperation avenues. The meeting followed the signing of a memorandum of understanding between CREA and the Spanish Confederation of Business Organizations CEOE, designed to structure business relations and promote cross-investments. CREA President Kamel Moula expressed satisfaction with the positive dynamic, emphasizing a shared desire to consolidate bilateral economic relations and create new partnership opportunities for Algerian and Spanish companies. Concrete announcements included an upcoming Algerian-Spanish economic forum in Madrid and the creation 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 friendship and cooperation treaty between Algeria and Spain, demonstratin
This summary was AI-generated from a story originally published by Algérie360.