Algeria-Spain Economic Ties: CREA Advocates for Industrial Coproduction

At the 3rd Ibero-African Economic Forum in Madrid, CREA president Kamel Moula emphasized the necessity of industrial coproduction and technology transfer to drive economic growth. Addressing the 'Global Gateway' initiative, Moula highlighted the potential for fostering synergies between African and European businesses to generate added value and employment. The forum showcased cooperation prospects in renewable energy, hydrogen, fertilizers, and the automotive industry. The 'SoutH2' corridor was highlighted as a primary example of the strong energy partnership between Algeria and Europe, leveraging geographic proximity and industrial complementarity. Through this engagement, the CREA aims to facilitate robust ties with the Spanish business sector to ensure long-term, mutually beneficial economic development.