The Qatar Businessmen’s Association (QBA) held meetings with Algerian Minister of Tourism and Handicrafts Yassin Hammadi and Minister of Housing, Urbanization and Urban Development Mohamed Tariq Belaribi to discuss investment opportunities in the tourism and real estate sectors.
The Qatari delegation on a recent visit to Algiers was led by QBA Chairman HE Sheikh Faisal bin Qassim Al Thani and QBA members Sheikh Mohamed bin Faisal Al Thani and Mohamed Moataz Al Khayyat.
They were also joined by Sheikh Nayef bin Eid Al Thani, a member of the Qatar Hotel Association; Tariq Al Sayed, Managing Director and CEO of Al Rayan Tourism Investment Company; Rashid al-Mansouri, CEO of Aamal Holding Group; and Abdulaziz al-Naama, Qatar’s ambassador to Algeria.
During the meeting, Hammadi gave a comprehensive presentation on tourism and hospitality investment opportunities and partnerships in the tourism sector. He also talked about thermal plants in different states, especially in the states of the south and east of Algeria.
Hammadi stressed that the meeting provided an opportunity to appreciate the strong relationship that already exists between Qatar and Algeria, as “both sides reaffirmed their desire to strengthen and intensify efforts to develop partnership and cooperation in a way that serves the interests of the two countries. “.
The minister presented a number of areas ready for investment, including the Msida area near Annaba and the Tunisian border, the Ghar Daya area, as well as other areas for medical tourism, hospitality management and partnerships with public sector players owning a number of hotels.
Belaribi said that Algeria welcomes Qatari businessmen and partnerships between the two countries, especially in the sectors of tourism, handicrafts, housing and urbanization, in line with the two countries’ vision to build a strong partnership, especially after the visit of Algerian President Abdelmajid Tebboune. to Qatar in February last year.
He said: “A new investment law is being studied today. The law will allow foreign and Algerian investors to invest freely. We have attractive areas near airports and affordable transportation, and we have a new philosophy to create a new Algeria, far from bureaucracy. The goal is to complete projects and overcome obstacles.”
Sheikh Faisal proposes to create an integrated tourist city, including a tourist port and a waterfront, attracting visitors through the creation of a public joint stock company to which businessmen from the two countries and others interested in Algeria could contribute.
He added that desert tourism with small hotels in desert provinces will play an important role in promoting this niche market. He stressed that the global trend is to transfer state-owned hotels to the management of the private sector.
Al-Sayed said: “Now we have 36 hotels, the latest of which is a hotel in Italy, with an area of 100,000 square meters.”
He noted that all countries offer incentives for investment in…