• Algeria and Saudi Arabia signed five agreements on April 20 to strengthen economic cooperation.

• The deals cover tourism, trade, industry, and legal services.

• Both countries aim to expand investment, create jobs, and deepen bilateral ties.

Algeria and Saudi Arabia have taken another step toward building stronger economic relations. On April 20, during the Algeria–Saudi Business Forum held in Algiers, the two countries signed five new agreements aimed at boosting cooperation across key sectors.

The deals focus on tourism, trade, industry, and legal services. The goal is to attract more investment, transfer skills between the two nations, and create jobs through joint projects.

Saudi Ambassador Abdullah Bin Nasser Al Bussairy welcomed the move, calling it an important milestone in what he described as a growing partnership. He noted that trade between the two countries reached $1.12 billion in 2024, according to the International Trade Centre (ITC). Saudi investment in Algeria is also on the rise.

Business leaders from both countries praised Algeria’s improving investment environment and encouraged deeper cooperation in strategic sectors such as agri-business, steel, tourism, and digital technology. They emphasized the importance of building long-term partnerships based on shared strengths and high-impact development projects.

The renewed cooperation builds on longstanding ties between the two nations, which are both influential members of the Arab League and OPEC. Their relationship is also rooted in shared history, culture, and geopolitical interests.

At the same time, Saudi Arabia is expanding its footprint across Africa. In October 2024, Riyadh pledged $41 billion in investments and financing for Sub-Saharan Africa over the next ten years as part of its broader push for economic growth and regional influence.