HSBC: Algeria an important future market

The British bank HSBC considers Algeria as in important future market because of its human resources and its important hydrocarbon resources, Executive Director for MENA region Michel Hodges said at the eve of a business visit to Algeria.

“Considering the importance of the Algerian market, HSBC opened its first agency in Algiers in 2008 and plans to open a second agency by the end of the year, Hodges told APS, expressing his satisfaction over the existence of an Algerian-England business council which aims at promoting relations between the two countries.

Hodges insisted saying that Algeria is among the richest countries in Africa, and is a land of “profitable investment,” due to the potential offered in the bilateral scale, “British firms have an important role to play in the Algerian market.”