FCE President Ali Haddad wants to help Algeria’s economy

Ali Haddad, President of the FCE Business Forum, defended himself against his critics by declaring his intention to bring an added value to the Algerian economy during a press conference Wednesday at the Hotel Aurassi in upper Algiers.

In this connection, he extolled himself that after 27 years spent at the helm of his Public Works Group, he had paid the equivalent of 2 thousand billion centimes in Dinars in taxes to the Public Treasury.

Moreover, Ali Haddad indicated that he is willing to contract an overall loan of 110 billion dollars to help the country if the economic situation so requires, including 100 billion dollars from Saudi Arabia and 10 billion dollars from Germany.

Mr Ali Haddad further underlined that he had indeed recently requested a loan from the national BNA Bank of up to 500 billion centimes (DA) stressing that he does not enjoy privileges for that matter.

He also said that certain hostile circles have been trying to demonize him despite the fact that he and his group now employs 15,000 people, adding this workforce will increase to 25,000 after the opening of his tubes-making factory in Bethioua, western Algeria.