Egyptian Prime Minister Mostafa Madbouly is currently in talks with Algerian officials on the advancement of political and economic relations between the two countries during his two-day visit.
Madbouly and the high-level ministerial delegation accompanying him arrived at Houari Boumediene International Airport in the Algerian capital on Wednesday evening to head the eighth session of the joint higher committee between the two countries.
Algerian Prime Minister Ayman bin Abd Al-Rahman welcomed Madbouly, expressing Algeria’s pride in the strong relations with Egypt and its keenness to strengthen cooperation with the country.
It is expected that the visit will comprise meetings with senior Algerian officials and will see the signing of a number of memoranda of understanding between the two sides, especially in the oil and housing sectors. The Egyptian-Algerian Business Leaders’ Forum will also be held to review investment and trade opportunities available in the two countries.
Algerian President Abdelmadjid Tebboune paid an official visit to Egypt last January, during which he met with his Egyptian counterpart Abdel Fattah El-Sisi.
Tebboune said that his talks with the Egyptian president “presented an opportunity to address economic cooperation” and facilitate investment between the two countries.
At the beginning of this month, Algeria and Egypt agreed on the need to transform their historical relations into “reciprocal partnerships” in the oil sector.
This came during official talks between the Algerian Minister of Energy and Mines Mohammed Arkab and the Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla, which took place through a remote meeting.