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Algerian-Korean cooperation: 50 projects under negotiation

Fifty projects involving private and public operators are in talks between Algeria and South Korea, revealed yesterday by Dr Joe Dong Joo, in charge of research at the Korea Institute for Industrial Economics and Trade.

Presenting a paper at the opening session of the 3rd meeting of the Task Force Algerian-Korean Joe Dong Joo nevertheless stressed the urgent need to "take action". "It is time for the realization of the consultations," he argued after lamenting the "absence of large projects between the two countries." A fact which contrasts with the dynamics facing the trade between Algeria and South Korea, he argues. Statistics to substantiate the charge of South Korean research has indicated that the growth of relationscommerciales is impregnated with a "strong pace." "The average annual change is 26% over 2001-2006, "he said. The South Korean exports consist mainly of cars, plastics, machinery, steel and mobile, while purchases from Algeria's limited hydrocarbons and mines. This is proof, says Joo, the existence of a large potential investment that could go up to the creation of a free trade area. " In terms of investment, a first draft of a joint venture in the field of electronics could emerge. LG covets indeed the National Electronic Industries Company (ENIE). "LG has expressed interest in ENIE," said Minister of Participations and Investment Promotion, Abdelhamid Temmar, at the same meeting. On this project, Temmar highlight: "The South Koreans have submitted a phased approach with which we agree. "Representatives of LG in Algeria visited the facilities of ENIE at Sidi Bel Abbes (western Algeria). Met on the sidelines of the meeting, Deuk-Soo Ahn, CEO of LG Electronics office in Algiers to assess issues rather "positive" of the site ENIE. For its part, the domestic firm is shows great interest in the partnership. According to a framework of ENIE, who requested anonymity, the proposal by LG is the "most serious".
Industrial Strategy: The Korean expertise

addition to the priority development of new towns Bouinan (Blida) and Sidi Abdallah (west of Algiers), Koreans want more details on the new town of Ghardaia. The Deputy Minister of Industry, Energy and Commerce, Young Ho Oh, who led the Korean delegation, stressed the interest of his country into a hub for integrated farming and of agribusiness. A shift in the M'zab Valley is scheduled for today. Beyond the local market, the South Koreans want to rely on Algeria as a platform for production and export to African and European markets. They also need the Algerian natural resources to fuel growth plans as the "dragon" in Asia. By 2020, South Korea plans to spend between 8th and 10th largest economy with a growth rate of 5.6% per year. Today it is 11th. Korean expertise was also involved in the new strategy Industrial Algeria. While acknowledging that this strategy is largely an "inspiration Korean" Minister of Participations and Investment Promotion said that what interests Algeria to longer term is "the development of intelligence including research and development, expertise and innovation. On this point, Temmar insisted that the industrial strategy has been "delayed by the election laws." Ensuring that it will be restarted after the installation of the new government, Mr. Temmar, who watched in its development, no longer gives a timetable for its passage by the Council of Ministers. Regarding bilateral cooperation, several areas were identified. It is the energy, agriculture, new information technology, electricity, electronics and automobile assembly. By late morning, a memorandum of understanding was signed between the Algerian Chamber of Commerce and Industry (CACI) and the Korea International Trade Association (KITA). The delegation of 105 operators and 58 organizations. Mr. Zentar

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Bombardier: First Tassili Airlines for delivery in July

Delivery of the first Bombardier aircraft at the airline constitution, Tassili Airlines, will take place next July, said yesterday the ambassador of Canada Algeria, Robert Peck, in a meeting with the national press on the occasion of the 40th Algiers International Fair (FIA).

type Q400 74-seat aircraft this is the first in a series of four aircraft ordered in July 2006 with the Canadian aircraft manufacturer following the results of the tender issued by Sonatrach, holds 100% of Tassili Airlines. In April last, Tassili Airlines has a new firm orders Bombardier Q200 turboprops 4 (35 seats) for a total of 74 million U.S. dollars. The Q400 will operate between Algiers and the oilfields in southern Algeria, while the Q200 aircraft will shuttle workers for shorter flights between the southern oilfields. Tassili Airlines plans, too, becoming a public company by introducing domestic and international scheduled flights. In the same vein, Robert Peck admitted the interest of the Canadian manufacturer renewal of the fleet of Air Algeria. "Air Algeria is interested in the range of Bombardier, but there is no official contacts for the moment," said Canada's ambassador in Algiers, before turning to the chapter on economic relations between both countries . Robert Peck, who describes the economic relations as "excellent", said the presence of Canadian firms to the FIA is a testament to the quality of exchanges. "The majority of the forty companies exhibiting under the Canada Pavilion coming to Algeria for the first time," he commented. These companies are derived from agriculture, livestock, food, transportation, new information technologies and communication, health and construction. This is for Canada to try to take market share in Algeria to reduce the trade gap currently under advantage of Algeria. According to data provided by Canada's diplomatic representation in Algiers, Algeria exported to Canada for nearly 5 billion U.S. dollars, while the latter has not exceeded 258 million U.S. dollars in revenue. Robert Peck "Trade" is not an end in itself. What would the strength of the Canadian contribution would be to go to "a transfer of know-how and technology." This is what will create a "lasting partnership," says the host of the conference. Apart from businesses, Canada is present through its institutions, including the Canadian Council for Africa, the Canadian Wheat Board and the Department of Agriculture. Mr. Zentar

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Rail Tram
Switzerland equip SNTF 33 billion DA

Switzerland Tram The group leader World in railway construction, comprising subsidiaries Implenia construction, ABB, Furrer and Frey, Stadler, Walo, Elbas Emch and Berger, has been awarded a major equipment contract with the National Society of rail transport (SNTF).

From the order of 33 billion dinars (nearly $ 460 million), the contract covers the delivery SNTF 64 EMUs, the first shipment is expected in April 2008, the last delivery being expected in September of that year. An order placed by the national company with a view to improving its services in the suburbs Algiers with two desserts: Alger-El Affroun (66 km) from Algiers to Thenia (54 km). "The contract signed with Algeria is a huge success, this is the first time the company receives an order of 64 railcars of a jet," said the director of Stadler, Anton Zimmermann. Taking part in a seminar on railway construction in Algiers yesterday held and organized by Tram Switzerland, Swiss experts Railway felt that "the development plan of the rail in Algeria is considered and coherent" with the advantage that "goes to all the rail networks: Broadly speaking, RER urban rail (metro and tram), in a coherent whole that makes up modern and very respectful of the environment. " In this regard, "the Swiss manufacturer of automotive Stadler will be delivered shortly to SNTF is a car that meets current technologies interregions vehicles," says Zimmermann. The agreement with the Swiss company provides further training of workers SNTF and the provision of technical assistance during the three years following the delivery of equipment for maintenance and equipment maintenance imported. According to representatives other subsidiaries in Switzerland, this meeting with the Algerian operators "timely" because Swiss companies all want to stand on the Algerian market of railway, as long as "supplementary budgets are allocated for the development of rail "in Algeria. Salah-Slimani ELWATAN