At the Conclusion of the Eleventh Session of the Saudi-Algerian Committee
The Saudi-Algerian Committee concluded its eleventh session meetings on Wednesday 27.02.1437 AH, at the Conference Palace in Riyadh, under the chairmanship of H.E. Minister of Commerce and Industry Dr. Tawfiq Bin Fawzan Al Rabiah, and the Chairman of the Algerian side H.E. Minister of Finance, Mr. Abdul Rahman bin Khalfa, attended as well by a number of officials from both countries.
On this occasion, H.E. Minister of Commerce and Industry, Chairman of the Saudi side, delivered a welcome speech to H.E. the Chairman of the Algerian side and his companions. Addressing the Session, H.E. the Minister reviewed the importance of the role and goals entrusted to this Committee, to achieve more cooperation in various fields. H.E. refers to the importance of the 11th Session Agenda. H.E. praised as well what had been achieved under this Committee.
At the conclusion of this session, three agreements had been signed to enhance the partnership between the two countries. First, the Saudi-Algerian Cooperation Agreement in the field of Marine Transport, a Memorandum of Understanding for Cooperation between the Saudi Capital Market and the Algerian Stock Exchange, in addition to a Business Program for Cooperation in the field of Planning, Foresight and Statistics, between the Ministry of Economy and Planning in the Kingdom, and the Ministry of Finance in Algeria.
The Joint Committee also discussed a number of common interest topics, including the cooperation in the field of trade and investment, as well as the cooperation in the scientific, educational and cultural field.
It is worth mentioning that the Trade Exchange between Saudi Arabia and the Republic of Algeria during 2014 AD reached SR (2244) million, of which SR (2221) million, the Saudi exports to Algeria, and SR (24) million imports.