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FinancialNews
01-04-18
Algeria, China to sign draft partnership deal for Belt & Road Initiative
(MENAFN) Algeria was announced to be set for securing a draft partnership deal with China, allowing Algeria to join the Belt and Road Initiative.
The declaration was made by Chinese Ambassador to Algeria Yang Guangyu during an address at a ceremony for the Chinese Day at the Higher Institute for Algerian Affairs (ESAA).
The ambassador stated "Algeria is not part of One Belt and One Road Initiative, but as I've said, this is a project open to all countries, and we, therefore, proposed a draft agreement to our Algerian friends to establish a partnership in this regard."
Commenting on the draft contract, the ambassador revealed "we hope to sign it in the forthcoming weeks, at most within 2 or 3 months," after confirming Algeria to be in the process of looking into it.
MENAFN0104201800450000ID1096679280
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