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MOSCOW (Russia)- Algeria and Russia signed Wednesday, in Moscow, a memorandum of understanding and cooperation (MOUC) at the end of the first day of an economic forum which brought together nearly 500 businessmen from the two countries.

Signed by the chairman of Algeria's Employers Forum (FCE), Ali Haddad, and the president of the Russian Union of Employers and Manufacturers A.N. Chokhine, the agreement is meant to be "the beginning of the fresh impetus" the two sides want to give to their cooperation.

Prime Minister Abdelmalek Sellal, on an official visit to Russia, made an address at the forum, in which he stressed Algeria's ambition to carry on the efforts to change the economy for production of goods and services and creation of wealth and jobs.

The programme, under implementation, gives priority to industry, agriculture, energy, tourism and the digital field.

"Investments and partnership projects in those areas will be encouraged and supported through many real estate, financial and tax incentives," he assured.

Russian Minister of Energy Alexandre Novak said the forum is a "significant stage" in the development of bilateral cooperation.

The presence today in Moscow of "more than 200 Algerian businessmen shows the interest Algeria attaches to cooperation with Russia."

Tag(s) : #Economy

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