Russian-Algerian Business Council

Resolution on the results of the roundtable

Cooperation for mutual success!

The Chamber of Commerce and Industry of the Russian Federation.

November 21, 2024

Russia–Algeria: Prospects for Business Cooperation

Ru / Eng

Ru / Eng

Mission

To facilitate the strengthening of a strategic and deepened partnership between Russia and Algeria by uniting the efforts of businesses and government structures to implement mutually beneficial projects.

Goals

Leadership

Ahmed Azimov

Chairman of the Russian-Algerian Business Council, Chairman of the Board of the Center for International Strategic Initiatives.

"The Russian-Algerian Business Council (RABC) is a platform for active interaction and achieving concrete results.
Our countries have much in common — from economic goals to cultural values. We will develop these ties, creating a solid foundation for long-term and successful cooperation."

1. Strengthening business cooperation through effective dialogue and removing barriers.
2. Expanding the exchange of information and professional contacts.
3. Establishing sustainable partnership mechanisms for long-term collaboration.

News and events

Meeting of the Russia-Algeria Business Council

On November 21, 2024, the Chamber of Commerce and Industry of the Russian Federation hosted a roundtable titled "Russia-Algeria: Prospects for Business Cooperation." Participants, including representatives of the RF CCI, the Algerian Embassy, the Institute for African Studies of the Russian Academy of Sciences, and business leaders, discussed deepening partnerships, removing barriers, and exploring promising areas of cooperation. A final resolution was adopted.
The roundtable was moderated by Ahmed Azimov, Chairman of the Russia-Algeria Business Council.

Main advantages

The potential for bilateral cooperation

Algeria is a key economic partner of Russia in North Africa, offering unique opportunities for expanding trade and investment ties.

Attractive conditions for foreign investors

The Algerian government offers foreign companies favorable tax incentives and simplified procedures for business registration. This allows Russian companies to start their operations in the country with minimal costs.

Political and economic stability

Algeria demonstrates resilience amid global economic instability. The country maintains stable political leadership and actively promotes reforms to improve the investment climate.

Infrastructure development

Algeria is actively investing in the modernization of its transportation and energy infrastructure. This includes the construction of new ports, roads, and railways, making the country an important logistical hub for North and West Africa.

Rich natural resources

Algeria has significant reserves of oil and gas, making it one of the largest energy resource suppliers in the world. In addition, the country is rich in mineral resources, including iron, phosphates, and gold, which opens up opportunities for collaboration in the mining industry.

Favorable geographic location

The country is located at the crossroads of Europe, Africa, and the Middle East, making it a strategic platform for accessing markets in Africa and the Mediterranean.

State support for initiatives

The Algerian government is actively promoting programs for economic diversification and the development of the private sector, creating favorable conditions for joint projects with Russian companies.

03.

Analytical and informational support

Provision of market reports and analysis on priority sectors.

04.

Consulting services

Providing expert support on regulatory matters and the investment climate.

02.

Business connections

Organization of meetings and roundtable discussions with key market players

01.

Support in project implementation

Assistance in the launch and management of joint Russian-Algerian projects