Algerian-Qatari Steel (AQS) has announced over $1.6 billion in strategic and commercial agreements during the 4th African Inter-Continental Trade Fair in Algiers, strengthening its role as a leading supplier across Africa.
The highlight is a landmark $1.2 billion agreement with Shelter Bank for Development and Investment, which will enable AQS to market and distribute its steel products to over 40 African countries, directly linking steel production with infrastructure financing.
Additionally, AQS secured four major contracts worth $420 million with African partners, including:
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Sahel Strategic Partnerships Ltd.: $121M for exports to Nigeria, Equatorial Guinea, Burkina Faso, and Ghana.
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Unisteel Ltd.: $195.6M for multi-country exports.
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Al-Najah Leading Industrial Engineering Company: $103M supply contract for Libya.
These deals strengthen Algeria’s non-hydrocarbon exports and consolidate AQS’s position as one of Africa’s leading steel producers, playing a key role in regional economic development.
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