Hommam Al Nassim 
The Algerian Minister of Industry and Pharmaceutical Production, Ali Aoun, confirmed that there are broad prospects for strengthening industrial cooperation between Algeria and Russia, especially in the fields of the pharmaceutical industry and the iron and steel industry.
This came in a statement he made to Russia Today channel on the sidelines of his participation in the St. Petersburg International Economic Forum, which was held between June 5 and 8.
Aoun pointed out that this event represents an opportunity for the Algerian delegation to learn about the developments witnessed by industry in Russia, especially in the fields of heavy industries, pharmaceutical industries, and renewable energy.
He also confirmed that the meetings he held with Russian officials and heads of institutions resulted in discussing ways to intensify partnership in the fields of iron and steel, manufacturing industries, and medicines.
The minister added that there is great development in Russia in the field of the pharmaceutical industry, especially in the manufacture of anti-cancer drugs, noting that an Algerian-Russian partnership will be established to manufacture raw materials for cancer drugs.
Aoun touched on the development achieved by Algeria in manufacturing insulin crystals through a partnership between the “Saidal” complex and a Russian partner, explaining that this project will enter production in late 2025.
On another level, Aoun stressed that the tourism sector opens important horizons for cooperation and partnership between the two countries, given the great potential that Algeria possesses in this field.
He pointed to the visit of a delegation of Algerian tourism sector traders to Russia to enhance partnership and bilateral tourism exchanges.
At the conclusion of his participation in the St. Petersburg Forum, the Minister of Industry and Pharmaceutical Production explained the facilities that Algeria provides to national and foreign investors to implement their projects in various industrial fields.
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