The Ambassador of the People’s Democratic Republic of Algeria, H.E. Brahim Romani, has invited businesspeople from Karachi to invest in Algeria, which offers numerous incentives to new investors. He said that Algeria is the gateway to Africa, where an industrial exhibition is scheduled to take place in December. He also invited the business people of S.I.T.E. to participate in the industrial exhibition.

He was speaking as the Chief Guest on the occasion of his visit to the S.I.T.E. Association of Industry the other day. Syed Zaigham Hussain accompanied him. Vice President Muhammad Riaz Dhedhi, Former President Abdul Rasheed, Former SVP Abdul Kadir Bilwani, EC Member Muhammad Kamran Lakhany, and Zahid Hussain were present in the meeting.

The Ambassador gave a detailed briefing to SAI members on investment opportunities in Algeria and facilitation for new investors, including visa processing on an as-track basis. He categorically mentioned that Algeria has a long-term investment policy and offers numerous incentives to new investors, including land, electricity, and internet connectivity. Algeria has a one-window operation for investors. He added that healthcare facilities are free in Algeria, and the Energy prices are symbolic.

Earlier, President SAI Ahmed Azeem Alvi welcomed the Ambassador to the Association and presented a brief introduction to the S.I.T.E. area, highlighting its contributions to the national economy and exports. He requested the Ambassador to share a sector-wise list with the Association to see the possibilities of collaboration. He also announced plans to lead a business delegation to Algeria to participate in the forthcoming industrial exhibition scheduled for December.

Possibilities of enhancing Bilateral trade, particularly in the areas of textiles, leather goods, vaccines, solar energy, phosphate, surgical instruments, exploration of iron reserves, food items, and IT products, were also discussed.