The President of the Republic, Abdelmadjid Tebboune, revealed that Algeria has managed to recover nearly $22 billion of looted funds at home.
During his meeting with Al-Jazeera podcast, the President of the Republic, Abdelmadjid Tebboune, explained that Algeria is seeking with great urgency to recover the looted funds smuggled abroad, and it is the duty of countries to cooperate with Algeria, especially since these transfers were in many countries in Europe, such as France, Spain, Belgium and Switzerland. Luxembourg.
The President of the Republic stated that Spain agreed to hand over three 5-star luxury hotels to Algeria, which belonged to a businessman who was in prison, saying in this regard, “Spain agreed to hand over Algeria its third hotels.”
The President of the Republic stated that Algeria entered into negotiations with the European Union regarding the process of recovering smuggled funds abroad, adding, “We are in negotiations with the European Union to restore the agreement that was between us, which was signed at a time when Algeria was weak.
Algeria exports $7 billion outside of hydrocarbons and exports some strategic materials such as cement and steel, which will rise in the future.
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