The Italian Foreign Ministry, in collaboration with the Algerian Foreign Ministry and the Italian Trade Agency, is organizing the “Italy-Algeria Business Forum”. The forum will take place during the joint Intergovernative Summit.
The Business Forum will be held on 18 and 19 July in Algiers, and it will include a plenary session in the presence of public institutions and four technical-sectoral tables, with networking sessions for private companies.
The initiative focuses on some promising sectors for economic cooperation between Italy and Algeria, such as the agro-industry, fishing, and aquaculture; the energy transition; the biomedical and pharmaceutical sector; physical and digital infrastructures.
Algeria’s economy, while still heavily dependent on oil and gas, has vast potential in numerous areas that are now at the center of economic diversification programs, aimed at creating new investment opportunities.
Bilateral relations between the two countries are historically excellent and are going through a particularly positive phase, as INDiplomacy explains in this article.
Economic and commercial relations are one of the pillars of the bilateral partnership. Italy is Algeria’s third-largest trading partner. Algeria – the 50th destination market for Italian exports – is Italy’s first trading partner on the African continent.
Last April, the two countries signed an agreement that made Algeria displace Russia as Italy’s first gas supplier. The two countries also expressed their willingness to work together on issues such as the energy transition and the development of renewable energies, with a specific focus on green hydrogen.
Algeria sees Italy as a model for the development of its own SMEs and the modernization of various sectors of the economy and it is therefore investing heavily in strengthening ties with Italian companies and institutions.
The working language of the Business Forum will be French. Simultaneous Italian / French translation will be available for the plenary session only. Participation in the initiative is free of charge.
To join the initiative, companies must fill out this online form no later than 24 June and follow the instructions they will receive by e-mail.