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Major Investment Conference in London

Monday - 8 / December / 2014

8 December 2014

Major Investment Conference in London

Lead by

H.E. Prime Minister Abdelmalek Sellal

 

By Lady Olga Maitland

Chairman

 

Algeria British Business Council

This week Algeria’s Prime Minister Abdelmalek Sellal will open the first major UK Algeria Investment conference in the City of London. The Algerian national flag of white, green and red will for the first time stand proudly alongside the British national flag as a symbol of the close relationship between the countries.

 

            M. Sellal was invited by British Prime Minister David Cameron to make a formal visit to the United Kingdom in order to explain the opportunities Algeria can give for British expertise to participate in its next phase of development.

 

            As a sign of the importance attached  to the occasion M. Sellal will be accompanied by delegation of 70 with six ministers lead by  M. Yousfi, the Energy Minister, M. Boudiaf, the Health Minister,  and Mme Derdouri, the Minister for Post and Telecommunications.  They will in turn be greeted by principal UK ministers.

 

            This is a an occasion I have long dreamt of.   In the ten years I have worked in promoting Algeria British trade development, I have always wanted to see Algeria promoted in the UK.   The City of London is not only important to British business but it is also the world’s largest financial centre, far bigger and significant than New York, Singapore and Frankfurt.  Algeria needs to be there.

 

            Now it is happening. M. Sellal will meet with Mr David Cameron at his official residence No. 10 Downing Street for talks of mutual concerns.   The visit will also herald the signing of the Double Taxation Agreement which will mean that British businesses can participate more freely in Algeria on fair taxation terms.

 

            Above all, the event which will be attended by world press.  Major businesses and top British politicians will herald the expertise that British has to give.   Already British skills in health have lead to the winning of a major contract by a UK firm to build a 500-bed hospital in Algeria.  Britain is already participating in the pharmaceutical sector in Algeria with the building of a factory producing medicines by GlaxoSmithKline.   Astrazeneca will soon open their own production facility in Algeria

 

 Our knowledge of the energy sector is second to none lead by BP , and  Petrofac.  Britain has expertise  in agriculture, training of both English and all skills, design and architecture. 

 

The relationship between the two countries has been growing fast over the last ten years. In 2006 H.E. The President Abdelaziz Bouteflika paid a working visit to London for meetings with Prime Minister Tony Blair on matters of mutual security concerns. The highlight of the visit was however for the President to meet with Her Majesty Queen Elizabeth 11 at her official residence Buckingham Palace.

 

That meeting cemented the genuine goodwill that grew between the two countries.  H.M. the Queen charmed the President by speaking to him in beautiful French.  

 

The ever growing closeness was perhaps symbolised in t he dark days after the attack on the In Amenas gas plant where seven British workers employed by BP were killed.   Prime Minister David Cameron came out to Algiers for talks with the President and his advisers.  We all have a shared concern about how to deal with terrorism and security matters.  As a result of the visit, very close collaboration has been established with the British government .  British ministers have been demonstrating their appreciation of the strategic importance   and stability of Algeria by making regular visits.  Only last month British foreign minister Tobias Ellwood arrived in Algiers for high level discussions.

 

Prime Minister David Cameron appointed Lord Risby to be his personal trade envoy.  This has been appreciated by both Governments as an important high level link.

 

But above all, trade leads to friendships which are enduring.   Our role in the Algerian British Business Council is to foster and develop this.  My mission on my frequent visits to Algeria is to nurture the encourage business development.  The Conference this week in London is a major step forward into uniting our mutual interests.

 

 

 

 

 

 

Contact Us

Algeria British Business Council
Tel: +44 (0) 20 7591 4816
Fax: +44 (0) 20 7591 4810
E-mail: info@meconsult.co.uk

180 Piccadilly
London, W1J 9HF

ABBC Chairman
Lady Olga Maitland

Tel: +44 207 837 9212
Fax: +44 207 713 0794
Mobile: +44 7778 917 133
E-mail: olga.maitland@virgin.net

21 Cloudesley Street
London, N1 0HX

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