- Algeria and Indonesia have formalized an MoU to enhance cooperation in the phosphate sector, aiming to boost industrial collaboration, joint investment, and technology transfer between SOMIPHOS and Pupuk Indonesia.
- The newly signed MoU between Algeria’s SOMIPHOS and Indonesia’s Pupuk Indonesia seeks to expand bilateral trade in phosphate and fertilizers while promoting sustainable industrial partnerships.
- Algeria’s Minister of Hydrocarbons and Mines, Mohamed Arkab, oversaw the signing of a strategic MoU with Pupuk Indonesia to deepen cooperation in the phosphate industry and diversify the national economy.
Algeria and Indonesia have taken a significant step in strengthening bilateral economic relations with the signing of a memorandum of understanding (MoU) to bolster cooperation in the phosphate sector. The agreement was officially signed on Tuesday under the supervision of Algerian Minister of State for Hydrocarbons and Mines, Mohamed Arkab.
The MoU was concluded between Algeria’s Phosphate Mines Company (SOMIPHOS), a subsidiary of the state-owned Sonarem Group, and Indonesia’s largest fertilizer producer, Pupuk Indonesia. The agreement establishes a framework to explore joint opportunities in phosphate supplies, mining, and processing industries. It also aims to evaluate the potential for Algeria to export phosphate to Indonesia while considering joint investments in value-added phosphate products.
The partnership further includes provisions for joint feasibility studies on technical and economic aspects of proposed projects. Both sides agreed to share relevant industrial data and explore cooperation opportunities in early-stage phosphate processing to enhance industrial integration and create added value.
Valid for eighteen months and renewable by mutual consent, the memorandum stipulates that both parties will hold regular meetings to assess progress, exchange information, and potentially draft detailed implementation agreements that define the specific rights and obligations of each party in compliance with both nations’ regulations.
During the signing ceremony, Minister Arkab underscored that this MoU aligns with President Abdelmadjid Tebboune’s vision to deepen economic cooperation with friendly nations, particularly in strategic sectors such as mining. He described phosphate as a vital pillar in Algeria’s efforts to diversify its economy, expand industrial capacities, and generate added value through sustainable development.
“This partnership supports Algerian–Indonesian cooperation by fostering productive investment and encouraging technology transfer in sectors crucial to ensuring food and industrial security,” Arkab stated.
Pupuk Indonesia officials welcomed the collaboration, expressing keen interest in Algeria’s vast mining potential. They reaffirmed the company’s readiness to move forward with practical, sustainable partnership initiatives in phosphate exploration and fertilizer production in cooperation with SOMIPHOS and the Sonarem Group.
In a related development, a six-member delegation from the Algeria–Indonesia Friendship Group of the National People’s Assembly (APN) began an official visit to Indonesia on Saturday. Led by Chairman Mohamed Yazid Benhamouda, the visit will run until January 23 and aims to enhance bilateral parliamentary and economic ties between the two nations.
Indonesianpost.com