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Birth of Algerian economic club for promotion of investments and competitiveness

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Birth of Algerian economic club for promotion of investments and competitiveness
Abdelkader Semari

The Algerian economic club for the promotion of investments and competitiveness has come into being according to one of its initiators Abdelkader Semari who gave a press conference to this effect on Tuesday at the Safir hotel in central Algiers.

He indicated that according to recent statistical data compiled by this economic club, there were 700 thousand economic firms dealing either with production or services in addition to 200 thousand small enterprises which had been created through youth employment agencies across the national territory.

This, he said, should prompt the relevant authorities and the managerial staff to pool efforts with a view to fostering a profit-yielding synergy among all these national enterprises in order to curb joblessness notably among the Algerian youth and to shore up the country’s socio-economic development.

He further asserted that 59 per cent of the enterprises were based in the northern part of the country, while 31 per cent were located in the high-plateaux and just 8 per cent of them were implanted in the Algerian south.

He also affirmed that the newly-created national economic club for the promotion of investments and competitiveness was available via its numerous experts to supply advice and guidance to all those economic operators willing to bolster the productive assets of their enterprises to make them tally with International standards as part of the ongoing rejuvenation of the national economy.

 

 

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