Economics Affairs

Algeria-Saudi Arabia: Need to promote investments in tourism sector

APS - 16 February 2017

ALGIERS- Saudi Minister of Commerce and Investment Majid bin Abdullah Al Qasabi underlined, Thursday in Algiers, the need to promote and encourage investments between Algeria and Saudi Arabia, especially in the sector of tourism.

In a statement to the press following his discussions with Minister of National Planning, Tourism and Craft Industry Abdelouahab Nouri, the Saudi minister said that he proposed the development of tourism investment programmes between the two countries, considering the "vital role of the sector in the creation of permanent jobs for Algerian young people."

The Saudi minister underlined the need to "boost investments, a catalyst for development," adding that "Saudi businessmen will pay field visits to enquire about tourism potentialities in Algeria and strengthen investment opportunities in the field."

In this regard, he hailed the Algerian political willingness to make of tourism an important and vital sector to achieve sustainable development.

For his part, Nouri said that the discussions were also an opportunity to "promote tourism cooperation with Saudi Arabia," adding that business and investment climate in Algeria has significantly improved.

The discussions, held on the sidelines of the Algerian-Saudi Joint Commission's meeting, are in line with the guidelines of the leaders of the two countries, President Abdelaziz Bouteflika and King Salman bin Abdulaziz, explained Nouri.

In this regard, the minister recalled the different measures decided by Algeria to encourage investment in the sector of tourism.