Qatar, Algeria sign MoU to boost cooperation in steel industry – The Peninsula Qatar

Qatar, Algeria sign MoU to boost cooperation in steel industry – The Peninsula Qatar

Doha: Minister of Commerce and Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, and Minister of Trade and Export Promotion of the People’s Democratic Republic of Algeria H E Kamel Rezig witnessed the signing a Memorandum of Understanding (MoU) to study investment opportunities in the steel industry. The MoU aims to study the feasibility of expanding the Algerian-Qatari Steel (AQS) Company factory in the Bellara Industrial Zone in Algeria to increase its production capacity to 4 Mt.

From the Qatari side, the MoU was signed by Chief Executive Officer of Qatar Mining Khalid bin Ahmed Al Obaidli, while from the Algerian side, it was signed by Ambassador of the People’s Democratic Republic of Algeria to Qatar H E Dr. Mustafa Boutoura.

On this occasion, the Minister of Commerce and Industry pointed to the importance of the agreement, indicating that it reflected the common will of the two countries to deepen and consolidate cooperation in various fields, especially in terms of investment and partnership by maintaining joint work in the steel industry. He also stressed that this step would open wider horizons for cooperation, especially in the commercial and industrial fields.

He added that the two countries’ keenness to improve bilateral