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A high-level meeting between Algerian officials and the Asian Infrastructure Investment Bank (AIIB) laid the groundwork for deeper cooperation in key strategic sectors, including hydrocarbons, mining, seawater desalination, and industrial infrastructure. The discussions focused on mobilizing financial support for structural projects with significant economic and environmental benefits.
The meeting brought together Algeria’s Minister of Energy and Mineral Resources, Mohamed Benabou, and AIIB President, Yong-jin Li, who exchanged insights on aligning investment priorities to support Algeria’s economic transformation.
Minister Benabou presented Algeria’s industrial development strategy, outlining recent legislative and regulatory reforms aimed at creating a more attractive investment climate. He highlighted incentives designed to encourage foreign and local investors, while underlining efforts to diversify the economy beyond hydrocarbons. In particular, the minister emphasized Algeria’s commitment to expanding its manufacturing base and promoting value-added industries.
As part of its broader energy strategy, Algeria is also pursuing ambitious goals to reduce carbon emissions and accelerate its energy transition. Benabou reiterated Algeria’s growing role as a dependable energy partner, both regionally and globally, in ensuring energy security and sustainability.
The minister also provided an overview of ongoing and planned major projects, including the development of the vast Gara Djebilet iron ore deposit, the integrated phosphate project, new ventures in zinc and lead extraction, and the construction of seawater desalination plants to address water scarcity. He stressed that collaboration with AIIB could be instrumental in bringing these projects to fruition, particularly in the context of Algeria’s new phase of economic momentum.
AIIB President Li acknowledged Algeria’s early membership in the Bank, dating back to its founding in 2015. He presented the AIIB’s core mission—to finance infrastructure projects across energy, transportation, renewable energy, and regional integration. Applauding Algeria’s long-term strategic vision, Li reaffirmed the Bank’s commitment to supporting Algeria’s infrastructure and energy transition ambitions, especially those aligned with sustainable development goals.
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 With a capital base of USD 100 billion, the AIIB has already made significant investments across Africa, including in Egypt, Kenya, Ethiopia, and Côte d’Ivoire. The institution now aims to deepen its engagement in the Middle East and North Africa (MENA) region, with a particular emphasis on clean technologies, climate resilience, and inclusive economic development.
The meeting concluded with a shared intention to explore concrete avenues of collaboration, marking a step forward in Algeria’s quest to secure international financing for transformative projects and to reinforce its role as a key player in regional development.
