US-Africa Summit

US-Africa Summit: Benabderrahmane arrives, in Washington, to represent President Tebboune
 
WASHINGTON- Prime Minister Aimene Benabderrahmane arrived Monday evening in Washington to partake, in his capacity as representative of President of the Republic Abdelmadjid Tebboune, in the works of the US-Africa Summit.
 
This summit, the second of its kind, organized by the United States from 13 to 15 December, will be an opportunity to discuss ways to strengthen the American-African relations and to build a close and effective partnership according to the new vision in the light of the current global and regional developments.
 
 
PM meets in Washington with U.S. businessmen, members of Congress
WASHINGTON-The Prime Minister, Aimene Benabderrahmane held bilateral meetings with U.S. business leaders and members of Congress on Tuesday evening in Washington, on the sidelines of his participation in the United States-Africa Leaders Summit in his capacity as representative of the President of the Republic, Abdelmadjid Tebboune.
Benabderrahmane received the Chief Strategy Officer with Hecate Energy, David Wilhelm, with whom he discussed the enormous potential of Algeria in the field of renewable energy and the government's plans to develop this sector in the coming years by taking advantage of the expertise and experience of U.S. companies and their new techniques in this field.
The PM Minister also received the head of the President of Chevron Middle East, Africa, South America Exploration and Production Company, Clay Neff, with whom he focused on cooperation projects between the two countries in the field of energy and partnership and investment models that both parties seek to implement.
The PM highlighted the attractiveness of investment and the new business climate in Algeria and the benefits offered.
Benabderrahmane also received the U.S. Senator Troy Nehls. They discussed the Algeria-US ties and ways to strengthen them in various economic areas.
At the end of the first day of the summit, the PM attended a dinner organized by the Speaker of the House of Representatives, Nancy Pelosi in honor of the Heads of State and Government participating in this event, and in the presence of members of Congress and the House of Representatives.
 
Algeria is real investment destination, state determined to protect investors
 
WASHINGTON-Speaking a meeting with US businessmen Tuesday in Washington, Prime Minister Aimene Benabderrahmane said that Algeria had become today "a real investment destination", reiterating the determination of the state to "protect investors and meet all conditions for the success of investments.”
"Algeria has become a real destination for investment through the reforms carried out by the Government," said Benabderrahmane on the sidelines of his participation in the work of the first day of the United States-Africa Leaders Summit.
He highlighted the new legal and organizational framework that enshrines "important principles, in particular the freedom to invest, and gives everyone the total freedom of choice of investment in the context of transparency and equality in the treatment of investments.”
The new legal framework creates a High National Commission of appeals related to the investment to the Presidency of the Republic, which reflects "the determination of the state to protect the investor and to meet all the conditions for successful investment," he continued.
On this occasion, the PM welcomed this "important" meeting which reflects "the common will of both parties, Algerian and American, to promote the bilateral partnership and develop cooperation in various fields.”
These meetings "are part of the implementation of the guidelines of the President of the Republic, Abdelmadjid Tebboune, to boost relations and cooperation with Algeria's partners, especially the United States of America, with which Algeria shares a common political will to boost business ties,” he stated.
Algeria "seeks to take advantage of all opportunities for integration between the economies of the two countries to increase the volume of investment on the basis of the win-win principle, and diversify trade," he stated.
This meeting comes at a time marked by "a great momentum that characterizes bilateral relations, including the organization of bilateral cooperation mechanisms, especially the 7th session of the Algeria-US Governmental Council on Trade and Investment, whose results and important recommendations must be implemented according to a specific schedule,” stressed the PM.
Algeria "is the 3rd trading partner of the United States in Africa, especially since the volume of trade between the two countries amounted to $US3.1 billion during the first nine (9) months of 2022, i.e. a significant hike compared to the previous year.
Regarding investment, the Prime Minister stressed that the U.S. presence on the Algerian market "remains below the potential of both countries and investment opportunities offered by the Algerian market.”
Over the past twenty (20) years, U.S. investments are at the bottom of the ranking in terms of value and number of projects, and the number of jobs created, said Benabderrahmane.
As such, the Prime Minister referred to the various incentives and benefits offered by the investment climate in Algeria such as reduced costs of production and energy and skilled labor, in addition to the basic infrastructure of multimodal transport.
 
Prime minister meets, in Washington, with American businessmen
 
WASHINGTON- Prime Minister Aimene Benabderrahmane met on Tuesday, in Washington, with American businessmen, on the sidelines of his participation in the US-Africa Summit, in his capacity as representative of president of the Republic Abdelmadjid Tebboune.
 
The meeting, held in the presence of members of the Algerian-American Business Council, enabled examining investment opportunities in Algeria, notably as part of the new law on investment which is meant to be a solid foundation to diversify the national economy and attract wealth and job-generating foreign investments.
 
The political will of the country’s top authorities was also emphasized, a willingness aimed to liberate initiatives and encourage entrepreneurship in order to diversify the non-hydrocarbon national economy.
 
In this regard, Benabderrahmane made an address in which he underlined that these meetings come “to implement the instructions of President of the Republic Abdelmadjid Tebboune on the strengthening of the relations and cooperation with Algeria’s partners, notably the USA,” a country with which “Algeria shares a common political will that must be exploited in order to develop the economic aspect of the Algerian-American relations.”
 
 
Prime minister meets, in Washington, with Algerian community’s members
 
WASHINGTON- Prime Minister Aimene Benabderrahmane met Tuesday evening, in Washington, with the members of the Algerian community based in the United States of America, on the sidelines of his participation in the US-Africa Summit, in his capacity as representative of President of the Republic Abdelmadjid Tebboune.
 
Prime minister made, on this occasion, a short speech in which he transmitted to the community’s members the greetings and encouragement of President Tebboune, urging them to contribute to the building of the new Algeria with its development programme and great achievements” and to closely note the promising start the country has made in all fields.”
 
He underlined that the main objective of the new Algeria is to “restore the State’s authority and the citizens’ trust in the institutions of the State as well as foreign investors’ confidence in the Algerian market.”
 
He said that the development programme of President Tebboune enabled strengthening the consultation approach in the management of the State’s affairs and promoting the role of the civil society and young people for the development of all sectors.
 
When speaking to the Algerian elite established abroad, Benabderrahmane said “You are the voice of the new Algeria.”
 
The members of the Algerian community established in the United States said they are proud of the achievements made by Algeria since President Abdelmadjid Tebboune took office, affirming that the milestones achieved by Algeria were welcomed worldwide.