Algerian-Qatari Steel Company (AQS) has signed agreements worth over USD 1.6 billion during the 4th Intra-African Trade Fair (IATF 2025) held in Algiers. The company’s USD 1.2 billion contract with Shelter Afrique Development Bank (ShafDB) will allow AQS to export its products to more than 40 African countries, while also contributing to the financing of development and infrastructure projects across the continent.
The signing ceremony at the Palais des Expositions was attended by Minister of Trade and Export Promotion Kamel Rezig, Minister of Domestic Trade Tayeb Zitouni, Minister of Culture and Arts Zouhir Ballalou, Secretary General of the Ministry of Industry Salem Ahmed Zaid, and Director General of the Algerian Investment Promotion Agency Omar Rekkache. Speaking at the event, AQS Interim CEO Sofiane Chaib Setti highlighted that the agreement will boost the company’s export capacity in Africa, while ShafDB representative Amadou Thiam underlined that the deal will strengthen intra-African trade.
In addition, AQS signed further export agreements exceeding USD 420 million with four major African companies. These include a USD 121 million deal with Sahel Strategic Partnerships Ltd. to supply Nigeria, Equatorial Guinea, Burkina Faso, and Ghana; a USD 195.62 million contract with Unisteel Ltd. for various African markets; and a USD 103 million agreement with Al-Najah Leading Industrial Engineering Company for exports to Libya.
The company stated that these strategic agreements will reinforce its leadership in Africa’s steel sector and contribute to strengthening economic cooperation across the continent.
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