Algiers – South Korean automotive giant Hyundai Motor Company is set to build a new car manufacturing plant in Algeria, DZWatch has learned. This move underscores Hyundai’s strategic expansion into the burgeoning African automotive market.
The announcement comes as Hyundai seeks to capitalize on the increasing demand for vehicles across the African continent. According to a company representative, Africa presents a significant opportunity for global automotive manufacturers.
The new facility in Algeria is projected to have an initial production capacity of 50,000 vehicles per year. The focus will be on producing smaller, more affordable vehicles tailored to meet the specific needs and demands of the local Algerian market. Hyundai is committed to developing models specifically designed for the African consumer, reflecting a dedication to sustainable growth and expanded operations within the region.
“This investment in Algeria demonstrates our long-term commitment to the African market,” stated a Hyundai spokesperson. “We believe that by producing vehicles locally, we can better serve our customers and contribute to the growth of the Algerian economy.”
The establishment of this plant is expected to create numerous jobs and stimulate economic activity in the region. Hyundai’s investment signifies a vote of confidence in Algeria’s growing economy and its potential as a key automotive hub in North Africa.
