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July 15, 2024 | 6 months ago

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Export Guarantee: A convention will be signed on Monday between SAIDAL and CAGEX.

Determined to invest in foreign markets, the national pharmaceutical group SAIDAL plans to sign a framework agreement with CAGEX tomorrow, Monday, aimed at better safeguarding against export-related risks.

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In a statement released this Sunday, the Export Insurance and Guarantee Company (CAGEX) highlighted that the signing of the framework agreement with SAIDAL Group will take place on Monday, July 15, 2024, at the "Legacy Luxury Hotel" in Hydra, Algiers.


According to the insurance company, this framework agreement in insurance matters with the industrial group specialized in the development, production, and marketing of pharmaceutical products, SAIDAL, will "materialize a strategic collaboration aiming to strengthen cooperation between the two parties for better guarantee of exports and domestic sales."


"This framework agreement illustrates the shared determination to promote balanced and prosperous international and local trade, based on trust, solidarity, and cooperation," further reads the CAGEX statement, emphasizing that this agreement "will also actively contribute to the enhancement of the Algerian economy through a strengthened and deepened partnership."

July 17, 2024 | algeria-logo

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