Al Mansouri Meets with Algerian Minister

The meeting was held in the presence of the Economy Ministry undersecretary, Mohammed Ahmed bin Abdul Aziz Al Shehhi and Algerian ambassador, Hamid Chebira.

Al Mansouri said relations between the United Arab Emirates and Algeria are fraternal and strong, adding that these ties continue to flourish under the wise leadership of the two countries.

He stressed on the role of private sector in developing and boosting practical relations between the two countries while the government is busy putting legal framework for the development of those ties.

He said there was the need to find appropriate means of boosting cooperation between small and medium scale enterprises in the UAE and Algeria, in particular, and in the whole of the arab world in general.

He noted that there was the need for algerian business establishments and companies to boost their presence in the exhibitions and festivals being held in the UAE to expand the market base of algerian products in the region.

Al Mansouri briefed the Algerian Minister about the state of the UAE economy, which, he said, continues to achieve very good growth rates in all the economic sectors.

He pointed out that the UAE recorded a growth of 16.8 per cent last year which pushed the GDP to Dh730 billion.

The oil sector accounts for 64.1 of the amount.

He said many companies of the world had made the UAE their hub, adding that the UAE remains committed to continuing with economic reforms that will match with local and international economic developments.