ALGIERS  – Wednesday, 14 June 2023 (APS) – President of the Republic, Abdelmadjid Tebboune, held talks in Moscow on Wednesday with senior officials of the Russian Federation, to whom he affirmed the depth of relations between the two countries and discussed the most important areas for strengthening bilateral cooperation.

The second day of President Tebboune’s State visit to this friendly country was marked by intense activity, as he chaired the work of the Algerian-Russian Economic Forum, in which 70 Algerian economic operators and 200 Russian businessmen took part.

On this occasion, Tebboune highlighted the main thrusts of Algeria’s multidimensional economic recovery programme, which, he said, “is now experiencing an economic renaissance that is moving up a gear in order to make up for lost time and open up investment opportunities with our friends in Africa and the Mediterranean region,” stressing the launch of “1,450 industrial projects in the pipeline.”

Our friends in Russia “are aware of the significant means of cooperation available in the fields of technology transfer, tourism, agriculture and science,” said the president.

Stressing the importance of opening private banks in Algeria, President Tebboune expressed the wish to see “the national, foreign and Russian private sector open banks in order to encourage fair transactions between private operators.”

“You are offered real opportunities to promote economic integration in a wide range of fields,” the President of the Republic told participants at the Forum.

Algeria “will be implementing an investment plan in the coming years in the fields of energy, basic infrastructure, agriculture, pharmaceuticals, agri-food and processing industries,” he added.

With the aim of strengthening the relations of friendship between the two countries and their historical and human aspects, President Tebboune inaugurated the stele commemorating the founder of the modern Algerian state, Emir Abdelkader, the first of its kind to be built in the city of Moscow, in memory of a Muslim and Arab leader.

On this occasion, he stressed that this commemorative stele “reflects the deep relationship between the Algerian and Russian peoples,” adding that Algerian-Russian relations “go back centuries.”