China to invest $36 billion across multiple sectors in Algeria – Ennahar TV

DUBAI (Reuters) – China will invest $36 billion in Algeria across sectors including manufacturing, new technology, knowledge economy, transport, and agriculture, Ennahar Online quoted Algerian President Abdelmadjid Tebboune as saying on Thursday.

“The projects and agreements concluded with the Chinese side are huge and mutually beneficial to both countries,” said Tebboune, speaking during a meeting in Shenzhen province with representatives of the Algerian community in China.

President Tebboune has been on an official visit to China since the beginning of the week, meeting with Chinese leader Xi Jinping in Beijing on Tuesday.

The Algerian President said on Thursday that Algeria seeks to bring economic relations with Beijing to the level of “good historical political relations” and that his visit opened “all horizons of investment” between the two countries.

(Reporting by Clauda Tanios; Editing by Himani Sarkar and Jan Harvey)