LOC16:32
13:32 GMT
KUWAIT, Oct 24 (KUNA) -- The mission of Algerian Chamber of Commerce (ACC)
to Kuwait offered a large number of promising projects and investment
opportunities in Algeria to Kuwaiti investors, ACC Chairman Ibrahim Bin-Jaber
said Wednesday.
The projects are mainly related to infrastructure, Bin-Jaber, chief of the
mission, told reporters here.
He hailed as "real bridge and catalyst of bilateral relations" the economic
ties between the two Arab countries.
Algeria has recently announced a three-year plan for socio-economic
development, costing some USD 150 billion.
The plan will definitely create large number of investment opportunities in
the various fields, Bin-Jaber asserted.
The volume of Arab investments in the North African country doubled in 2007
to USD 35 billion, he said.
The Algerian economy saw a remarkable improvement with that Algerian dinar
appreciating from 75 to 69 against a US dollar between 200 and 2007, he
underscored.
The investment atmosphere in Algerian tourist, educational and real estate
sectors has also improved noticeably thanks to the recent oil price rice.
Bin-Jaber highlighted the importance of Algeria Economic Forum, due on
January 21 and 22.
The forum, to be inaugurated by President Abdulaziz Boutefika will provide
a genuine opportunity for constructive dialogue between the Algerian
government and Arab investors.
The Algerian Chamber of Commerce and Industry discussed investment
opportunities and trade exchange with officials of the Kuwaiti Chamber of
Commerce and Industry on Tuesday. (end)
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KUNA 241632 Oct 07NNNN