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October 29, 2024 | 3 days ago
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Algeria and Egypt are stepping up cooperation in the energy, housing and construction sectors. President Tebboune invited Egyptian companies to participate in Algeria's ambitious plan to build two million housing units over five years and in energy projects such as petrochemicals, gas and electricity. Egypt's Elsewedy Electric, already established in Algeria, could contribute to key infrastructure projects, including the north-south electricity transmission line.
These collaborations will be further outlined during the upcoming Algeria-Egypt Joint Commission 2025, expected to boost investment and increase exchanges between the two countries. President Al-Sissi underlined that more than 5,000 Egyptian companies are ready to invest in Algeria and pledged Egypt's support in promoting bilateral investments.
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