The President of the Confederation of Portuguese Business, Armindo Monteiro, and the President of the Council for Algerian Economic Renewal (CREA), Kamel Moula, signed a memorandum of cooperation between both entities, within the scope of the Portugal-Algeria Economic Forum, and after the interventions of António Costa, Portuguese Prime Minister, and Abdelmadjid Tebboune, Algerian President.

CREA is a recently created business association that aims to contribute to the economic growth of the Republic of Algeria.