IBIA To Receive Egyptian Algeria Business Forum On Sunday

The International Business & Investment Association (IBIA) in Egypt will receive next Sunday a delegation of Algerian businessmen during the Egyptian Algerian Business Forum. Some 53 Algerian companies operate in 19 different fields will participate in the forum.

Dr Abdel Moneim Al-Sayeed, Deputy Chairman of Investment Committee in IBIA, said the association will review the investment opportunities for the Algerian side; referring that value of customs fees on the Egyptian exports to Algeria will be decreased.

He added that the forum aims to look into the mechanisms of supporting the trade exchange; referring that Algeria is big importer of many Egyptian commodities. He confirmed that Egyptian and Algeria aspire to boost the investment and trade cooperation.

The association aims to deepen the ties between the Egyptian and Algerian investors particularly in the fields of building materials, export and import so as to increase the volume of the trade exchange between Egypt and Algeria, said Al-Sayeed, calling for the necessity of restoring the security and political stability as well as working on increasing the growth rates and building big ventures.