Economy, Domestic Economy

Algeria Seeks Broader Economic Ties

Algeria Seeks Broader Economic TiesAlgeria Seeks Broader Economic Ties

Algeria’s Prime Minister Abdelmalek Sellal underlined the need to step up efforts to boost economic cooperation with Iran. In his opening address at the Algerian-Iranian High Commission held in Algiers on Thursday, which he co-chaired with Iran’s First Vice President Es’haq Jahangiri, Sellal said bilateral economic relations do not reflect the huge potential of the two countries, Algeria Press Service reported. Several cooperation agreements and memorandums of understanding were signed at the conclusion of the joint commission. Algeria’s Minister of Transport Boudjemaa Talai announced on Wednesday that the two countries are considering the creation of an Algiers-Tehran air route and a maritime line. He made the announcement following his meeting with Iranian Minister of Roads and Urban Development Abbas Akhoundi. Akhoundi also held a meeting with Algeria’s Minister of Public Works Abdelkader Ouali on Wednesday, following which the Algerian side said the African country seeks to benefit from Iran’s experience in the fields of roads and urban development. He added that the two sides are planning to create joint companies for maintenance, monitoring and control of roads and highways.