ANKARA, May 7 (Xinhua) -- Turkish President Recep Tayyip Erdogan and his Algerian counterpart Abdelmadjid Tebboune pledged to strengthen bilateral economic ties after holding talks in Ankara on Thursday.
At a joint news conference, Erdogan noted that Algeria is one of Trkiye's largest trade partners in Africa, with bilateral trade hitting over 6 billion U.S. dollars in 2025 and heading towards a 10-billion-U.S. dollar target.
More than 1,600 Turkish firms currently operate in Algeria, with investments exceeding 8 billion dollars across industry, mining, agriculture, construction, pharmaceuticals, and infrastructure, he said.
"We will continue working together in the coming period to expand mutual investments and private-sector cooperation," he added.
Before the news conference, the two leaders held a bilateral meeting and co-chaired the first session of the Turkish-Algerian High-Level Strategic Cooperation Council.
Erdogan stressed the U.S.-Israel-Iran conflict has impacted global energy markets, noting that Trkiye and Algeria "share a common stance on ending violence that seriously threatens the peace and security of the region."
Tebboune, for his part, said bilateral ties have advanced remarkably in the last five years, and that Algeria aims to diversify economic cooperation and expand cooperation in renewable energy, industry, agriculture, and mining, among others.
Tebboune arrived in Ankara on Wednesday for an official visit, during which Algerian and Turkish companies signed a series of cooperation and investment agreements covering energy, agriculture, and other sectors.
