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  1. #1
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    43 British companies want to invest in Algeria

    The president of the commercial branch in the British embassy, Chikha Tiwari, unveiled, yesterday, that 43 British companies from the 100 big ones that have shares in London shares markets are studying the possibility of entering the Algerian market to start investment projects in different sectors.

    Amongst these companies, Tiwari said in a press conference that was organised in the Hilton hotel for the declaration of the visit of a Scottish delegation of businessmen that will visit Algeria between 10 and 13 June, are Shell company, British & American Tobacco, PHP Billiton, plus GSK and other companies that were not mentioned. And there are British companies that could be present in Algeria, like British Telecom, British Gas and the international group Rolls Royce.

    Tiwari pointed out to the interest that Britain has towards the privatisation in Algeria.

    The British investment in Algeria is 6 billions pounds, most of which is directed to hydrocarbon investments, while the amount of exchanges between the two countries in 2005 was 610 million pounds, 145 million pounds as products exported to Algeria, and 465 million pounds as imports from Algeria, most of them of a hydrocarbon nature.

    Tiwari insisted on the interest that the British give to investment in Algeria, pointing out to a visits made by three delegations in the last three months, and which will be followed by the Scottish delegation in the middle of this month, and which will include 9 companies in the hydrocarbon, electricity, education, information architecture and trainings sectors.

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    Scots firms aim for Africa’s big game

    Scottish firms and organisations are heading to Algeria this weekend on a trade mission. The trip has been organised by Scottish Development International (SDI) and will also take in Tunisia to ensure businesses can take full advantage of the opportunities on offer in north Africa. “The energy industry drives the Scottish economy,” claims Tom Lamb, who heads the energy and engineering trade and investment team at SDI. “We have to ensure it keeps doing that in future by helping the talent we have at home expand into new markets overseas.”

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