The announcement was made by Algeria’s President Abdelmadjid Tebboune, after meeting the visiting Palestinian leader, Mahmoud Abbas.
Tebboune also said Algeria would be hosting a meeting of Palestinian factions in the near future.
The Palestinian Authority has major financial problems, which leaves it struggling to pay public sector employees.
Algeria has increased its activity over the Palestinian issue recently, just as its neighbor Morocco has been building new ties with Israel after signing a normalization deal last year.
