25 September 2025
The Director General of the Algerian Investment Promotion Agency, Mr. Omar Rekkache, received on Thursday, 25 September 2025, a delegation from the Chinese company Asia Potash International Investment (Guangzhou) Co., Ltd., which specializes in the exploitation and processing of mineral resources, particularly phosphate. The delegation was led by the company’s Vice President, Mr. Zeng Yui.
The meeting was attended by representatives from the hydrocarbons and mining sectors, the energy and renewable energy sectors, industry and environment ministries, as well as senior officials from the Agency.
This meeting is part of the Chinese company’s efforts to launch a major investment project in Algeria. The project involves the construction of an integrated industrial complex worth $1.6 billion for the valorization of phosphate and the production of ammonia, urea, and compound fertilizers, relying on natural gas as the primary input for manufacturing processes.
Following a detailed presentation by the Chinese delegation on the project—intended to be implemented in the North Africa region—the discussions focused on the potential and opportunities for carrying it out in Algeria. The country offers all the necessary assets and resources for the project’s success, including natural gas and phosphate reserves, particularly in the eastern regions. The project’s economic viability and its alignment with Algeria’s national strategy for developing and valorizing mineral resources and renewable energy were also discussed.
In conclusion, both parties agreed to maintain coordination and hold further meetings via videoconference to discuss the project’s technical details and the mechanisms for its implementation in collaboration with the relevant sectors.
