Algeria's Expanding Global Partnerships: BRICS Membership and Chinese Investments
TL;DR Summary
Algeria has applied to join the BRICS group and has submitted a request to become a shareholder member of BRICS Bank with a contribution of $1.5 billion. The country, rich in oil and gas resources, aims to diversify its economy and strengthen its partnership with countries like China. More than 40 countries, including Argentina, Iran, Saudi Arabia, and the United Arab Emirates, have expressed interest in joining the BRICS group. China plans to invest $36 billion in Algeria across various sectors.
Topics:world#algeria#brics#brics-bank#diversification#economic-opportunities#international-relations
- Algeria applies to join BRICS, would contribute $1.5 bln to group bank Reuters.com
- Algeria, China sign 19 agreements during Tebboune's visit, including energy, technology Al-Monitor
- Algeria Applies to Join BRICS, Would Contribute $1.5 Billion to Group Bank U.S. News & World Report
- China to invest $36 billion across multiple sectors in Algeria, Ennahar TV reports Reuters.com
- View Full Coverage on Google News
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