The official publication of the new investment law and the hydrocarbons law in Algeria has not failed to attract the interest of many countries, including the United States. Indeed, a delegation of 26 American businessmen traveled to Algeria and stayed there from January 21st to 23rd, 2024, in order to learn about these important new legislative measures firsthand.
This visit did not go unnoticed by Hydro Sud Algérie, seeking to strengthen its status as an international operator, by organizing a meeting on the second day of this visit (January 22nd, 2024) in partnership with the U.S. Business Council. This meeting brought together members of the American delegation and their Algerian counterparts, as well as other actors in the Algerian economic scene, including representatives from the World Trade Center, senior officials from the Turkish group TOSYALI, and members of EXXON MOBIL. Also present were influential actors from the local economic sphere, represented by employers’ organizations, including one of the most prominent, the General Confederation of Algerian Enterprises (CGEA).
Finally, it is important to note that the objective of this event was to invite the parties present to exchange views on business opportunities or partnerships that would be conducive to a win-win development benefiting both countries.