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December 2, 2024 | 1 month ago

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Arkab receives a delegation from the DHAMAN Arab Society

On Sunday, Mohamed Arkab received a delegation from the Arab Company for Investment and Export Credit Guarantees (DHAMAN), led by General Manager Rashed Ahmad Al-Haroun.

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MM. Arkab and Al-Haroun discussed ways to strengthen cooperation between their parties, according to a statement from the Ministry of Energy, Mines and Renewable Energy.

Development of Regional Cooperation: The meeting with ministry officials was attended by Kuwaiti company heads in the OCI insurers and reinsurers meeting in Algiers. Discussions focused on strengthening cooperation and promoting investment in Algeria and regional cooperation.

The role of credit insurance: The role of credit insurance in supporting trade, exports and investment was highlighted. Discussions included supporting current and future projects through knowledge sharing, partnerships and exploring new opportunities in risk management and insurance services, particularly in the energy, mining, renewable energy, and desalination sectors.

Enhancing Algeria's attractiveness: The Minister of Energy presented the main axes of Algeria's development programme in the energy, mining, and renewable energy sectors, highlighting the new regulatory framework. The benefits and incentives of the investment law were explained in detail to boost investor confidence and Algeria's investment attractiveness.

Strengthening national development: The law reflects President Abdelmadjid Tebboune's vision for national development, entrepreneurship, and investment to create wealth and jobs focusing on exploiting Algeria's natural resources in hydrocarbons, mining, and renewable energy.

DHAMAN, founded in 1974 by a multilateral agreement between several Arab countries, offers guarantee services against commercial and non-commercial risks for inter-Arab investments, raises awareness of investment and export issues, promotes the guaranteed industry and provides services that contribute to improving the investment and business climate in the Arab region.

December 2, 2024 | algeria-logo

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