Spanish Prime Minister Mariano Rajoy announced Thursday that business leaders from his country and Algeria will gather here in March for a summit to explore investment opportunities.

Rajoy mentioned the meeting in his statement at the close of the 5th High-Level Spanish-Algerian Meeting in Algiers, at which the two nations discussed economic and commercial relations.

There are many Spanish companies that are "prepared and able" and already doing business in Algeria, and that country's government wants more firms to discover the advantages of operating there, the prime minister said.

He added that many of those Spanish firms are interested in bidding on government contracts in housing, energy and naval construction.

Rajoy said he had analyzed with Algerian President Abdelaziz Bouteflika assorted matters on the international agenda, including the situations in Libya, Tunisia, Mauritania, Syria and Mali.

In that area, he stressed the common willingness to work together to resolve the problems in the region and to foster peace, coexistence and progress.

Thursday's conference in Algiers will be a landmark in the "magnificent" relations between Spain and Algeria, Rajoy said. EFE