News

49th Algiers International Fair comes to an end

02 de junho de 2016

Algiers – The 49th Algiers International Fair (AIF) ended this Thursday (2) in the Algerian capital. During the event, local and foreign exhibitors showcased their products and looked into sales deals and partnership opportunities. The expo began last Saturday (May 28).

In all, the multisectorial fair at Algiers’ Palais des Expositions featured 810 exhibitors – 405 of which were foreign enterprises from 33 different countries. This year, the AIF was themed Investment and business at the heart of Productive Economy.

At the fair’s closing ceremony, the Algerian minister of Trade, Bakhti Belaïb, called attention to the participation of the Arab Bank for Economic Development in Africa (Badea). Based in Khartoum, Sudan, the bank has 18 Arab countries among its shareholders. It has financed 100 African importers in purchasing Algerian products over the course of the event.

The organizers of this edition of the fair decided to give honorable guest status to representatives of African importing companies who also visited the 5th Salon Djazair Export, held in parallel with the AIF. “Djazair” is the French transliteration of “Algeria” in Arabic.

The Salon featured approximately 180 companies from industries such as foods, services, industry, chemicals, construction/public works and handicraft.

Belaïb said the African executives found potentially importable products by Algerian companies, and that several agreements were entered into.

He added that the resumption of exports of non-oil and gas products is an “absolute necessity.” The oil industry accounts for 93% of Algeria’s exports and the country is seeing revenues dwindle due to the oil price slump.

The minister argued that the country has a “huge” exportation potential and called on entrepreneurs to work harder “so that Algeria may rely on its economic performance more than on oil revenues.”

Tayeb Zitouni, CEO of Safex, the fair’s organizer, said this edition welcomed approximately 50,000 visitors, which was less than expected, because the national school exam Baccalauréat took place concurrently with it.

*Translated by Gabriel Pomerancblum with information from the ANBA Newsroom