China to invest $36 billion across multiple sectors in Algeria: Ennahar TV

China will invest $36 billion in Algeria across sectors including manufacturing, new technology, knowledge economy, transport, and agriculture, Ennahar Online quoted Algerian President Abdelmadjid Tebboune as saying on July 20.

"The projects and agreements concluded with the Chinese side are huge and mutually beneficial to both countries," said Tebboune, speaking during a meeting in Shenzhen province with representatives of the Algerian community in China, The New Arab reports.

President Tebboune has been on an official visit to China since the beginning of the week, meeting with Chinese leader Xi Jinping in Beijing on July 18.

The Algerian President said on July 20 that Algeria seeks to bring economic relations with Beijing to the level of "good historical political relations" and that his visit opened "all horizons of investment" between the two countries.