Several accords, agreements and letters of intent were signed yesterday between Canada and Algeria, at the end of a three-day visit to Algiers by a Canadian Trade Mission. The total value of the deals is reportedly more than 700 million Canadian dollars (CAD).
The announcement was made last night by Pierre Pettigrew, Canadian minister of international trade, and Hamid Temmar, Algerian minister of participation and reforms coordination, reported the Horizons magazine.
One accord reached is worth some CAD 600 million. The deal was signed between SNC-Lavalin International Inc. and the Algerian ministry responsible for potable water. The project involves developing water treatment systems and the provision of potable water to Algiers from the Taksebt Dam along the Tizi-Ouzou-Alger waterway.
SNC-Lavalin is a well-established engineering company headquartered in Montreal that deals largely with the development of large-scale projects around the world. It has already done a significant amount of business in Algeria, managing maintenance for the Algiers Airport hangar, as well as having worked on gas plants in Saudi Arabia. Other Middle Eastern countries SNC-Lavalin has done business with include Lebanon, Syria, Oman, Qatar, Tunisia, UAE, and Yemen.
Additional accords signed during the three-day trade mission involve some 80 different business sectors, including metallurgical, petrochemical, pharmaceutical, telecommunication and infrastructure industries. — (Albawaba-MEBG)