New business opportunities on the rise? Potential Turkish investment in Algeria

According to Cavusoglu, Turkish businesspeople have played a crucial role in bolstering economic relations with Algeria.

Mevlut Cavusoglu met with Turkish businesspeople in Algeria during his two-day visit to the country.

Corporate executives play a critical role in the development of our economic relations with Algeria, according to Cavusoglu. Because of the entrepreneurship of our businessmen and the expertise of our workers, we are a world-renowned brand, he said on Twitter.

The joint planning group co-chaired by Cavusoglu will meet for the first time on Saturday in Algeria.

Turkish Foreign Minister Mevlut Cavusoglu said at a joint press conference with his Algerian counterpart Ramtane Lamamra that over 1,400 Turkish firms invested more than $5 billion in the North African nation.

‘We want to increase trade and investment with you to $10 billion,’ he said.