A U.S Trade mission visits Algiers for investment opportunities in various sectors

Algiers- A U.S.Trade and Investment mission of thirty businessmen visits Algeria on Saturday for a week of search for permanent investment opportunities in various areas of the Algerian market.

The U.S economic mission’s visit is organized by the Algerian Embassy in Washnigton DC and the US-Algerian Business Council .It consists of American companies operating in sectors of irrigation, construction, housing, energy, technologies of information and communication, food industries and technological services for protection.

Heads of largest American companies in various economic sectors visited Algiers on Saturday for a week of meetings and discussions with officials of the Algerian economic sector.

Head of the U.S-Algerian Business Council, Mr. Ismail Shikhoun said that meetings with the Ministries of Industry, Information and Communication Technologies, Water Resources, Housing, Energy and Transport, have been programmed in order to discuss investment opportunities in these sectors and to make proposals to the Algerian government.

The US economic mission’s program includes bilateral meetings in Algiers and Oran with Algerian businessmen in both public and private sectors and with officials of economic bodies such as the National Agency for Investment Development, Algiers and Oran Chambers of Commerce and Industry. A forum on investment opportunities will be held as well.

Previously in 2010, U.S Trade and Investment Mission visited Algeria three times. However, exchanges remain dominated by hydrocarbons, pushing the public authorities of both countries to seek for diversity by encouraging this type of economic missions.

Value of exchanges between Algerian and USA reached $16b in 2010, including $7.13b from Algerian exports to the United States and more than $1.2b of imports.