Arab Today, arab today qatar algeria sign mou for iron and steel factory
Last Updated : GMT 05:46:54
Arab Today, arab today
Arab Today, arab today

Qatar, Algeria sign MoU for iron and steel factory

Arab Today, arab today

Arab Today, arab today Qatar, Algeria sign MoU for iron and steel factory

Algiers - QNA

Qatar and Algeria signed here on Saturday a memorandum of understanding (MoU) for the construction of an iron and steel factory in the industrial area of Bellara in Jijel state with a production capacity of 5 million tonnes per year. The MoU was signed by HE the Minister of Economy and Finance Youssuf Hussein Kamal and Algerian Minister of Industry, SME and Investment Promotion Mohamed Benmeradi. Following the signing of the MoU, HE Youssef Hussein Kamal said that HH the Emir Sheikh Hamad bin Khalifa Al Thani attaches a special importance to the factory project which will produce and market steel in Algeria, noting that Qatar considers the signing of the memo as new push for the relations between the two countries. His Excellency told reporters \"We can say that the countdown for the launch of the factory and the production of its first piece of steel has begun,\" adding \"as of this moment we have 24 months or a maximum of 30 months to see the factory\'s production offered in the Algerian market.\" \"We have other investment interests in Algeria, including the establishment of private car plant project under the German Volkswagen trademark, and we are working to realize this according to a tripartite partnership between Qatar, Algeria and the German car manufacturer.\" HE the Minister of Economy and Finance added that Qatar and Algeria have agreed to work together in investment projects outside the two countries, pursuant to a bilateral agreement provides for a joint sovereign fund to invest in opportunities in global markets. \"We, in Qatar, have a 20-year-old experience in this field, and our brothers in Algeria want to take advantage of that.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar algeria sign mou for iron and steel factory Arab Today, arab today qatar algeria sign mou for iron and steel factory

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar algeria sign mou for iron and steel factory Arab Today, arab today qatar algeria sign mou for iron and steel factory

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday