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Algerian President to Visit China Next Week

Algerian President Abdelmadjid Tebboune will visit China next week at the invitation of President Xi Jinping, Algeria’s presidency has announced.

The presidency said in a brief statement on Thursday that the visit falls within the framework of boosting solid and deep-rooted relations and strengthening economic cooperation between the two friendly peoples of Algeria and China.

Tebboune’s visit to China follows his trip to Russia last month, noting that the Algerian president had previously expressed his country’s aspiration to join the BRICS group.

The visit was arranged last March when several technical meetings were held between Algerian and Chinese officials to prepare for the political and economic files discussed during the visit.

During his visit to China, the Algerian president aims to develop the comprehensive strategic partnership agreement signed between Algeria and Beijing in 2014, especially after the tremendous developments in bilateral relations since that period.

Last November, the two countries signed their second five-year strategic partnership plan for 2022-2026.

Since 2018, Algeria has joined the executive plan for the joint implementation of the Belt and Road Initiative and the three-year cooperation plan in key fields 2022-2024 between Algeria and China.

Algeria wants to accelerate the implementation of several vital economic projects, with Chinese funding and partnership, including the project to exploit the Gara Djebilet iron deposit in the southwestern province of Tindouf.

A Chinese consortium of three companies signed a memorandum of understanding with an Algerian state company to exploit the iron deposit.

In March, Algeria and China signed a shareholder agreement to invest $7 billion to produce 5.4 million tons of fertilizer per year in the Algerian region of Tebessa.

Source : Asharq Al-Awsat