In a move that reflects the strength of the Algerian-Qatari partnership and opens broader horizons for Arab-African cooperation, Algerian Qatari Steel announced the signing of a package of commercial and strategic agreements worth more than USD 1.6 billion during its participation in the Intra-African Trade Fair (IATF 2025).
These agreements, which will enable the company to establish a presence in more than 40 African countries, mark a new milestone in a success story that began in Algeria and today reaches the heart of the African continent, carrying with it a shared vision from Qatar and Algeria to build a robust industry that contributes to sustainable development.
Historic Agreement with Shelter Development and Investment Bank
The most prominent of these signings was an agreement with Shelter African Bank worth USD 1.2 billion, aimed at marketing the company’s products and supporting infrastructure and development projects across the continent. This cooperation represents a major leap in the company’s African expansion strategy, placing it in a leading position among the largest joint Arab industrial ventures.
Four New Partnerships to Drive Growth
The company also concluded four additional agreements with leading African companies worth more than USD 420 million, including:
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Sahel Strategic Partnerships Ltd. to market products in Nigeria, Equatorial Guinea, Burkina Faso, and Ghana (USD 121 million).
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UniSteel S.A.: an agreement exceeding USD 195 million for multiple markets across the continent.
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Al-Najah Industrial Engineering Co.: an agreement worth USD 103 million to supply products to Libya.
Honoring a Track Record of Achievements
These steps come as an extension of previous successes that strengthened the company’s position as the leading exporter of iron and steel to Africa, a role that was crowned by recognition from H.E. President Abdelmadjid Tebboune, who honored the company as Africa’s top exporter in 2024.
A Model of Arab Integration
Today, with investments exceeding USD 2.1 billion in Algeria and an annual production capacity of millions of tons, Algerian Qatari Steel — in which Qatar Steel International, a subsidiary of Qatar Mining, owns a 49% stake — embodies a pioneering model of Arab industrial integration, and sends a clear message that strategic partnerships are capable of making a real difference in shaping Africa’s development future.
