US’Algeria: Promoting cooperation without concrete commitments

A delegation of Algerian companies participated in the SelectUSA summit to attract American capital, without any specific figures or formalised projects being announced at this stage.

An Algerian delegation led by the Algerian Council for Economic Renewal (CREA) held numerous meetings in Washington on the sidelines of the SelectUSA Investment Summit, according to a statement from the business organisation.

No investment amounts or precise timelines were announced.

Received by US Deputy Secretary of State Christopher Landau, the Algerian representatives presented investment opportunities offered by the Algerian market, in the presence of diplomatic officials from both countries.

Discussions focused on several sectors deemed priorities by the Algerian side, including energy, agriculture, raw materials for the pharmaceutical industry, technology, and mining, within the framework of recently revised legislation.

The delegation expressed its desire to see American companies expand their presence in Algeria and participate in ongoing infrastructure projects.

Despite this sector-specific framework, no investment amounts or precise timelines were communicated following the discussions.

The lack of concrete announcements contrasts sharply with the stated objective of positioning Algerian companies within international value chains.

The participation of some thirty economic operators illustrates a desire for visibility, but without any immediate translation into measurable financial commitments.

Following these meetings, the delegation also met with Oklahoma Governor Kevin Stitt to discuss partnership opportunities. Here again, the discussions focused on promoting respective strengths and the business climate, without resulting in formal agreements or identified projects.

The Algerian authorities emphasised a dynamic of closer economic ties with Washington, supported by recent diplomatic contacts. The American official welcomed Algeria’s participation in the summit and mentioned his visit to Algeria, while reaffirming the United States’ interest in developing bilateral cooperation.

Beyond the declarations, the economic relationship remains marked by a low density of American investment in Algeria, compared to other emerging markets.

The promotional initiative undertaken at SelectUSA thus underscores a strategy still in the prospecting phase, where stated ambitions are struggling to translate into tangible investment
flows in the short term.

MK/AK/te/Sf/fss/as/APA