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FINANCIAL NEWS
Turkey to invest USD10b in Algeria
21 Nov 2014
(MENAFN)Turkey announced it is planning to increase its investments in Algeria from USD4.5 billion to USD10billion, KUNA reported.
Investment between the two countries has been developing over the year, with Turkey’s businesses in Algeria currently being estimated at USD2 billion.
Turkey said the relationship between the two countries have been mutually beneficial, with Algeria benefiting from its expertise in building residencies, especially since Turkey has built about 600.000 units within 12 years, while Algeria providing Turkey with an increased amount of liquefied gas by 50 percent for the upcoming ten years.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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