Saturday, June 23, 2007

Job-starved Algeria values growth more than FDI

(Reuters) - Job-producing economic growth is a higher priority than foreign direct investment (FDI) for OPEC-member Algeria, which has little need of financing thanks to high oil revenues, a government minister said on Saturday.

Industry and Investment Promotion Minister Abdelhamid Temmar added in a speech to a business seminar that foreign investors preparing proposals for ventures should emphasise the transfer of skills and knowledge rather than provision of financing.


Read more at Reuters Africa