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QBA discusses investment opportunities with Algerian tourism and housing ministers

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The Qatar Businessmen’s Association (QBA) met with Algerian Minister of Tourism and Handicrafts, Yassin Hammadi, and Minister of Housing, Urban Planning and the City, Mohamed Tariq Belaribi, to discuss investment opportunities in the tourism and real estate sectors.

The Qatari delegation, on a recent visit to Algeria, was led by QBA Chairman HE Sheikh Faisal bin Qassim al-Thani and QBA members Sheikh Mohamed bin Faisal al-Thani and Mohamed Moataz al -Khayyat.
They were also joined by Sheikh Nayef bin Eid al-Thani, a member of the Qatari Hotels Association; Tariq al-Sayed, Managing Director and CEO of Al Rayan Tourism Investment Company; Rashid al-Mansouri, CEO of Aamal Holding Group; and Abdulaziz al-Naama, Ambassador of Qatar to Algeria.
During the meeting, Hammadi made a comprehensive presentation on tourism and hotel investment opportunities and partnerships in the tourism sector. He also spoke about the thermal power stations in the different states, notably the southern and eastern states of Algeria.
Hammadi stressed that the meeting was an opportunity to enhance the strong relations already existing between Qatar and Algeria while “both parties renewed their will to strengthen and intensify efforts to develop the relations of partnership and cooperation in a manner that serves the interests of both countries”. .”
The Minister presented a number of areas ready for investment, including the Msida area near Annaba and the Tunisian border, and the Ghar Daya area, as well as other areas for medical tourism, management hotel industry and partnership with public sector players who own a number of hotels.
Belaribi said that Algeria welcomes Qatari businessmen and partnerships between the two countries, especially in the sectors of tourism, handicrafts, housing and urbanization, in accordance with the vision of the two countries. to create a solid partnership, in particular after the visit of Algerian President Abdelmadjid Tebboune to Qatar last February.
He said: “Today, a new investment law is under consideration. The law will allow foreign and Algerian investors to invest freely. We have attractive areas near airports and transport is available, and we have a new philosophy to create a new Algeria away from bureaucracy. The goal is to complete projects and overcome obstacles.
Sheikh Faisal suggested the creation of an integrated tourist city, including a tourist port and a corniche that attracts visitors through the creation of a public limited company to which businessmen from the two countries and other interested parties could contribute. by Algeria.
He added that desert tourism, with small hotels in the desert governorates, will play a major role in promoting this niche market. He pointed out that the global trend is to transfer state-owned hotels to the private sector for management.
Al-Sayed said: “We now own 36 hotels, the last of which is a hotel in Italy, in an area of ​​100,000 m².”
He noted that all countries offer incentives to invest in tourism, and hopes that Algeria will follow the example of European countries to develop the tourism sector in the Arab world, especially in Algeria, which has a large coast. over 1200 km.
The discussions also focused on the issue of tourist visas, where Belaribi indicated that there is now a trend to cooperate with tourist agencies to facilitate visas within 72 hours and that there is a future presidential approach towards the electronic visa.
The two parties have agreed to form a working team of technicians to study the available projects in order to practically begin to lay the first foundations for the investments. The teams included representatives from the Ministries of Tourism and Housing.
A number of tourist resorts were also visited in the capital and the Cherraqa region, and a visit to the town of Ghar Daya to explore the existing resorts and the town of Wahran, where there are important tourism projects, given that the city is about to host the Mediterranean Games, where a new solar-powered airport has been opened and considered a precedent in African airports.