As part of its $1.5 billion international investment in a global communications infrastructure project, the US$7.7 billion Almasat project in Algeria will begin construction this year.
Almasats head of commercial operations, Rafi El Almasaloui, said the project was being developed under the auspices of the US Department of Commerce and that the US will provide financing.
“The Almasaat project is an important strategic project for the United States in the region.
The Almasata project is another strategic project which we have to build, and this is why we are looking at all of these projects,” Mr El Masalouis comments in the report, published by the Almasas government on Friday.
The report also noted that the Almaats infrastructure will include an electric power system, a water and sewage system, and a high-speed train line connecting Almas to Algeria.
Mr Elmasalos comments follow similar comments by Al-Azhar University, which also said that it was also looking at several other Almas projects in Africa and Asia.
The US is a major investor in Almas and has committed to funding it for 10 years.
In a statement on Friday, Almas Atalay, the parent company of Almas, said it would look at projects to strengthen Almas infrastructure.
“Almasat is one of the most important communications infrastructure projects that will benefit the whole Almas region.
Al-Ajmar is a hub for international communications, Al Masalat will play a vital role in the Al Masat network, and Almas will become the gateway to the markets of other countries and the world,” said Almas at the time.
The announcement by the US department of commerce came in a press release on Friday afternoon.
Aliasat has been in the works for a number of years, said Al Masa at the press conference.
“We are very excited about the project.
We will work with the US government to develop a long-term, high-value contract for Almas,” said Mr El Al Masaroui.
Al Masars current headquarters is in Tunis, Algeria.
In May, Al Jazeera met with Almasar CEO Rafi Al Masalaoui in the Tunisian capital, Tunis, to ask him about Almas’ plans to invest in Africa.
Alasat’s current headquarters in Tunis is in the city of Alassa.