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  • Spain - Algeria business ties

    The Spanish groups Abengoa, ACS and Sacyr Vallehermoso have successfully closed a financing agreement for the design, construction, financing and operation for 25 years of the seawater desalination plant in Beni-Saf, Algeria.

    The consortium also closed an agreement for the expansion of the Temclem-Hounaine plant. Financing for this project is expected to be closed in September.

    In 2004, the Geida Consortium formed by the companies Befesa and Codesa, which are both owned by Abengoa; Cobra-Tedagua, of ACS; and Sadyt, of Sacyr Vallehermoso, was awarded the construction and operation of another desalination plant in Skidda, Algeria, under a 25-year concession. This plant is currently under construction.

    A total investment of 460 million dollars is required for these three plants, and once they begin operating, the Spanish consortium will have installed capacity in Algeria to produce 500,000 cubic metres of desalinated water.

    >>>Source<<<

  • #2
    Spain grants 60m loan to Algeria

    MADRID, October 6th - - The Spanish government endorsed in its weekly session today a 60m loan to be granted to Algeria to be utilized by the Algeria Development Fund to purchase 14 trains for Algiers.

    A statement issued by the Cabinet today said the loan would enhance Spanish products and services export to Algeria and improve the public transport network in the Algerian capital.

    Spain grants 60m loan to Algeria

    No currency is given so presumably the sum is in Euro?

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    • #3
      Barcelona to host economic forum on Algeria

      Barcelona, Spain's Chamber of Commerce, Industry and Navigation - in collaboration with the Free Trade Zone Consortium - will organise an economic forum on Algeria on Thursday (November 30th), ANSA reported. Some 90 Algerian companies will attend. The forum will focus on Algeria's 2007-2010 strategic development and foreign investment. The Spanish region of Catalonia is Algeria's biggest trade partner, accounting for 35% of the entire trade between the two countries.

      Barcelona to host economic forum on Algeria

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      • #4
        Spain - Algeria business ties

        A major Algerian-Spanish business meeting is scheduled to take place Wednesday (March 14th) in Algiers during the visit of Spanish King Juan Carlos I and Queen Sofia. The meeting, to be opened by the Spanish monarch, is organised by the Spanish Foreign Trade Institute (ICEX), the supreme council of the chambers of commerce and the Spanish Confederation of Business Organisations (CEOE). It aims to boost investments and industrial co-operation between Spanish and Algerian companies. The meeting's agenda includes roundtables in the fields of water treatment, transportation, energy, construction and pharmacy.

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        • #5
          ALGIERS, March 15, 2007 (AFP) Spain's King Juan Carlos on Thursday backed Algeria's bid to join the World Trade Organisation and called for closer economic ties between the two countries.

          "The negotiations for Algeria's membership of the WTO, which Spain firmly supports, are currently going on," said the king at a meeting of Algerian and Spanish business leaders.

          Spain considered Algeria as one of the priority countries for investment and the development of economic ties, he added.

          "Over and above the energy sector, numerous areas of cooperation exist between the two countries," he said, citing transport, ship-building, public works, hydraulics and the pharmaceuticals industry.

          The king was speaking on the third day of a visit with Queen Sofia to Algeria, during which he has met with President Abdelaziz Bouteflika, Prime Minister Abdelaziz Belkhadem and Energy Minister Chakib Khelil.

          The royal visit has combined business-related meetings with cultural events.

          On Tuesday, the two countries signed six cooperation agreements relating to economic, diplomatic and parliamentary links.

          Spain is Algeria's third largest trade partner both in terms of imports and exports. Trade between the two countries is worth three billion dollars (2.3 billion euros).

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          • #6
            Algerian President Abdelaziz Bouteflika on Thursday appealed to visiting Spanish king Juan Carlos I "to increase trade" with his country.

            "With 60 percent of our trade being with Europe, the latter is our number one partner," Bouteflika said during a meeting between Algerian and Spanish businessmen.

            As Algeria's third biggest client and seventh biggest supplier, Spain should increase the level of its trade with the country, Bouteflika added.

            In the next five years, nearly 80 percent of European goods will be entering Algeria without trade restrictions, and Spanish businessmen "have found and will continue to find their place" in Algeria's economy, he said.

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            • #7
              Samedi 17 mars 2007 -- Alors que le ministre des Participations et de la Promotion des investissements a soutenu que l’Algérie présente «de remarquables avantages en tant que pays potentiellement riche dans la sous-région», les hommes d’affaires espagnols ont insisté sur les problèmes de la contrefaçon et de la concurrence déloyale comme de véritables facteurs de blocage de l’investissement en Algérie.

              La contrefaçon et le marché informel sont deux phénomènes qui pénalisent considérablement l’économie nationale mais qui, de surcroît, dissuadent les investisseurs étrangers de venir s’implanter en Algérie. Les chefs d’entreprises ibériques ayant participé au forum des hommes d’affaires algéro-espagnol qui s’est ouvert mercredi ?* Alger, ?* l’occasion de la visite du roi d’Espagne, Juan Carlos, n’ont pas manqué de faire part de leurs préoccupations au ministre, M. Hamid Temmar, concernant l’étendue de ces deux phénomènes dont ils estiment qu’ils «diminuent l’enthousiasme» des entrepreneurs étrangers ?* venir investir en Algérie.

              Il s’agit, selon eux, de deux «handicaps majeurs» qui entravent l’activité des entreprises étrangères et aussi les entreprises algériennes. Leur préjudice est tel qu’ils sont classés au même niveau que les lourdeurs administratives, les dysfonctionnements du système bancaire ou encore «l’augmentation des créances» qu’ils détiendraient sur leurs homologues algériennes.

              En réponse ?* ces préoccupations, M. Temmar a dit «prendre note», tout en soulignant «l’importance extrême» que les pouvoirs publics accordent aux politiques visant ?* enrayer ces fléaux. Le ministre a en outre répondu ?* des questions diverses ayant notamment trait aux modalités d’octroi des marchés pour le programme d’équipement sanitaire.

              «Pour les dépenses de l’Etat, c’est toujours par la voie de l’avis d’appel d’offres international», a-t-il déclaré, en soulignant qu’il s’agit d’un domaine où «il y a de l’argent ?* gagner».Le ministre a indiqué que l’Algérie représente «le meilleur marché de la sous-région en termes de sécurité et de rentabilité de l’investissement», en s’étonnant que «les entrepreneurs espagnols vont investir dans des pays aussi lointains que le Brésil ou la Chine, alors que l’Algérie toute proche présente de remarquables avantages en tant que pays potentiellement riche dans la sous-région».

              Le secteur du tourisme, en raison des potentialités que recèle l’Algérie en la matière, a semblé beaucoup intéresser les hommes d’affaires espagnols, du fait qu’il s’agit d’un domaine où l’expertise et la compétence espagnoles peuvent être très profitables pour l’Algérie.

              Les opérateurs économiques ibériques ont relevé, dans ce cadre, «la faiblesse des infrastructures algériennes de tourisme» et le fait que le marché touristique algérien ne soit «pas suffisamment connu» en Espagne, faute de médiatisation suffisante.

              Quelque 80 entreprises espagnoles étaient présentes ?* ce forum dont les travaux ont identifié les secteurs de l’énergie, des infrastructures, du tourisme, de l’eau, de l’industrie pharmaceutique et des travaux publics, comme ceux qui offrent le plus d’opportunités pour renforcer la coopération entre les deux pays.

              Il faut dire que le montant des investissements espagnols est faible en Algérie, soit environ 950 millions de dollars enregistrés ?* la fin de 2006 consacrés ?* une douzaine de projets. Le renforcement de la coopération a également été souhaité par le chef du gouvernement, M. Abdelaziz Belkhadem, pour qui l’Espagne est «appelée ?* accroître ses échanges avec l’Algérie».

              M. Belkhadem s’est montré convaincu que «le monde des affaires espagnol trouve et trouvera sa place» au sein de l’économie algérienne, «passée ?* un stade nouveau» grâce aux réformes engagées ces dernières années. Le chef du gouvernement a indiqué que l’Algérie «dispose désormais d’une expérience, d’une expertise, des capacités humaines et d’un cadre institutionnel qui lui assurent la maîtrise de son destin», citant notamment la réforme du secteur bancaire, le règlement du problème du foncier, le programme des privatisations et la réforme de la justice.

              Le resserrement des liens économiques et commerciaux avec l’Espagne entre, selon le chef du gouvernement, dans une logique régionale pour l’Algérie, consacrée par son association au marché commun européen. «D’ici ?* cinq ans, près de 80 % des marchandises européennes entreront librement en Algérie.

              Cela aura des conséquences directes pour nos entreprises et pour le consommateur algérien», a-t-il indiqué, estimant d’un autre côté que les hommes d’affaires algériens «pourront investir dans les pays du Nord avec des possibilités de profit».

              L’Espagne est actuellement le 3e client et le 7e fournisseur de l’Algérie avec des échanges commerciaux estimés, en 2006, ?* quelque 5,5 milliards de dollars.

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              • #8

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                • #9
                  Spain approves remission of Algerian debt

                  Madrid, April 23 (NNN-APS) The Spanish government has approved a remission for a maximum amount of €20.5 million and 11.3 million USD of the Algerian debt to Spain resulting from the credits of the Fund for Aid to Development.

                  This remission approved here last Friday is part of the programme of conversion of debt into pubic investments, signed by both countries in June 2006, according to a Spanish government statement issued after the council of ministers' meeting.

                  This programme is aimed at promoting the economic relations between Spain and Algeria and to enhance Spanish companies' exports, the statement underlined.

                  "Algeria is carrying out an important plan of public investment in the framework of the transition from a centralized planning economy to a market economy,” the statement said.

                  “The structural reforms was advanced through actions like the privatization of a part of the financial sector, the signing of partnership agreements with the European Union and negotiation over the integration to the World Trade Organization," it added.

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                  • #10
                    Spanish economy minister to visit Algeria

                    May 9, 2007 -- Spanish Economy and Finance Minister Pedro Solbes is scheduled to arrive in Algeria on Wednesday for an official working visit, according to a statement issued by Algerian Finance Ministry on Tuesday.

                    During his visit to the country, Solbes is expected to co-preside together with his Algerian counterpart Mourad Medelci a joint working session, according to the statement.

                    Algeria is an important trading partner of Spain, notably in the field of energy. The volume of trading between the two countries rose from 1.5 billion euros (2 billion U.S. dollars) in the middle of the 1990s to reach some 5.5 billion euros (7.4 billion U.S. dollars) in 2006.

                    In the first quarter of 2007, Spain imported 1.3 billion U.S. dollars worth of products from Algeria, mostly hydrocarbons, becoming the third placed client for Algeria during this period.

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                    • #11
                      May 10, 2007 -- Algerian Prime Minister Abdelaziz Belkhadem on Wednesday held discussions with visiting Spanish economy and finance minister Pedro Solbes, according to the Algerian News Agency.

                      Solbes arrived in Algiers Wednesday morning and later presided over a bilateral meeting between the two countries jointly with Algerian finance minister Mourad Medelci.

                      At the end of the meeting, the two sides signed an agreement converting Algeria's debt owed to Spain to investment funds for certain Spanish projects in Algeria.

                      Algeria is an important trading partner to Spain, notably in the field of energy. The volume of trade between the two countries rose from 1.5 billion euros (2 billion U.S. dollars) in the middle of the 1990s to reach about 5.5 billion euros (7.4 billion U.S. dollars) in 2006.

                      In the first quarter of 2007, Spain imported 1.3 billion U.S. dollars worth of products from Algeria, mostly hydrocarbons, becoming the third largest client for Algeria during this period.

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                      • #12
                        Growing interest among Spanish enterprises in Algerian market

                        June 2, 2007 -- According to a report issued by the Spanish government in Madrid, the interest of Spanish enterprises in the buoyant Algerian market is increasing by leaps and bounds.

                        In a press release issued after a council of ministers' meeting in Madrid, the Spanish government said that the attractiveness of the Algerian market had further increased, notably after the endorsement in Algeria of the support program to economic revival for the 2005-2009 period.

                        The Algerian Ambassador to Madrid, Mr Mohamed Haneche, said during a recent encounter with Spanish investors and business leaders that the support for economic revival program offered the Spanish companies major investment and partnership opportunities in the sectors of infrastructure, construction, small and medium-sized enterprises, tourism, agriculture, transport and fisheries.

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                        • #13
                          Spain's Agbar wins Algerian contract

                          MADRID, June 19, 2007 (Thomson Financial) - Sociedad General de Aguas de Barcelona SA said it has won a five-and-a-half-year water purification, management and supply contract in Algeria, but did not disclose any financial details.

                          In a statement, Agbar said the contract is in Oran in the northwest of Algeria.

                          The contract is the Catalonian utility's first in the African continent.

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                          • #14
                            June 29, 2007 -- The Chairman of the Agbar Group describes the takeover bid made by “la Caixa” and Suez as “good news” during his intervention in the General Meeting of Shareholders.

                            Agbar‘s board of directors has declared Applus+ to be available for sale so as to favour the capacity to invest in the Group’s core activities, water and health.

                            - The General Meeting approved the 2006 results, which represent a recurrent net profit of 139.3 million euros (12.5% more than in 2005).

                            - The Meeting agreed on a total dividend of 67.4 million euros, with a 4.6% increase in the dividend per share in relation to 2005.

                            - The future investments will be centred on the water business, in regulated markets, with legal guarantees and stable frameworks, and on the health division.

                            - In the health sphere, the objective is for Adeslas to strengthen its leadership in medical insurance and to acquire an even more important position in hospital management.

                            - The Agbar Group will invest 13 million euros in RDI in 2007 to develop 85 projects and be a leading company in water technologies.

                            This morning, in the course of the Ordinary General Meeting, the Agbar Group Chairman, Jordi Mercader, stated that the presentation of a takeover bid by “la Caixa” and Suez, reference shareholders of the company, is “good news because it provides stability in an increasingly complex and volatile environment”. Mercader specified that the board of directors of Agbar will make a statement on the specific characteristics of the takeover bid when it has been accepted by the regulatory authorities.

                            The Chairman of the Group interpreted the decision of the two reference shareholders “as a gesture of trust in Aguas de Barcelona and in its future, and as a commitment to water, which has always been the Group’s core business”.

                            Mercader moreover confirmed that Agbar’s board of directors considers Applus+ to be available for sale. The Chairman of the Group declared that this decision will allow important investments to be made, especially in the sphere of water.

                            As regards the future investments of the Agbar Group, Jordi Mercader underlined the need to “give priority to the regulated markets, avoid the risks associated with not very well defined legal or political environments and seek new markets which allow it to develop what Aguas de Barcelona knows how to do: manage, innovate, anticipate”.

                            According to Mercader, positioning the water cycle as the centre of the Group’s activity means “being leaders in the technologies associated with water and in the definition of the appropriate management models to confront future challenges”.

                            In this respect, he highlighted the creation of the Water Technology Centre (Cetaqua), in collaboration with the Universitat Politècnica de Catalunya (UPC) and the Spanish National Research Council (CSIC). Mercader specified that the Agbar Group will invest 13 million euros to promote 85 RDI projects in the sphere of water.

                            Strengthen the leadership

                            The Chairman of Agbar stated that the objectives of the Group’s health division, led by Adeslas, are to “strengthen the leadership in medical insurance and to acquire an even more important position in hospital management”. He showed his trust in the capacity for growth of Adeslas, thanks to its sound financial structure, and he announced that, during 2007, the Agbar Group will explore investment possibilities in this sphere.

                            The Agbar Group’s General Manager, Angel Simón, presented the year’s results, which he described as positive, with operating revenues of 3,121 million euros, 13.6% more than the previous year. Simón underlined that the growth occurred in all the sectors, and in particular in water, which represents 45.6% of the Group’s revenues, 17.2% more than in 2005.

                            Angel Simón stressed that this positive trend was maintained during the first quarter of 2007, in which the Agbar Group obtained a profit of 45.8 million euros. During this period, the operating revenues increased from 727.1 to 837.1 million euros (+15.1%); the operating cash flow from 142.4 to 156.8 million euros (+10.1%), and the operating result from 93 to 102.6 million euros (+10.3%).

                            As regards the future international expansion, the General Manager stated that “Agbar is a solvent group, which has learned to conduct itself in different markets, and which is prepared to add an increasingly important environmental dimension to the management of the complete water cycle”. Simón underlined the significance of having obtained the water management contract of Oran (Algeria), which represents “the first initiative of the Agbar Group in the Arabic world”.

                            The board of directors has agreed to go from 13 to 12 members, as a result of the departure of Juan Abelló, who declared his commitment to take part in the takeover bid with his 6.65% block of shares. The board re-elected the director Joan Rosell, whose term of office was ending, as an independent director.

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                            • #15
                              Acciona joint venture wins 133.8 million euro, 25 year Algeria desalination contract

                              MADRID, August 6, 2007 (Thomson Financial) - Acciona SA said a joint venture with its water division Acciona Agua has won a 133.8 million euro, 25 year desalination concession in Algeria and expects to book total revenues of 579 million euro.

                              In a statement, Acciona said it will construct and operate the plant with Canadian group Lavalin and Algerian state enterprise Algerian Energy Company.

                              Acciona noted it will be 80% financed by Crédit populaire d’Algérie, while the remaining 20% will be provided by the joint venture.

                              The construction group also said a joint venture in which it is a participant has won a similar concession to build and operate for 10 years another desalination plant in the United Arab Emirates for an undisclosed sum.

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