Italian businessmen invited to participate in privatization
19 Jul '06
1 min read
Minister for Privatisation and the Promotion of Investments, Algeria, Abdelhamit Tuber has invited Italian businessmen to participate in privatization of 630 textile companies as these firms are facing competition from China.
Political stability has helped the Algerian business fraternity and availability of cheap labour has lent a hand in the positive outlook of economy.
To encourage Italian entrepreneurs, Government is planning to open an Algerian General Consulate in Milan having an economic and commercial section by next August.
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