China to Invest $36 Billion in Algeria

Algerian President Abdelmadjid Tebboune on Thursday, announced that China will invest $36 billion in various sectors in Algeria. The investment will cover areas such as manufacturing, new technology, knowledge economy, transport, and agriculture. President Tebboune made the announcement during a meeting with representatives of the Algerian community in China, stating that the projects and agreements with China are significant and mutually beneficial to both countries.

This comes as part of President Tebboune’s official visit to China, where he met with Chinese leader Xi Jinping in Beijing earlier in the week. Algeria aims to strengthen economic relations with China and expand investment opportunities between the two nations.

The investment is expected to create thousands of jobs in Algeria and help to boost the country’s economy. It is also expected to help to improve Algeria’s infrastructure and technology. The investment is a sign of the growing economic ties between China and Algeria