Exciting news on the automotive front! Algeria is gearing up to unveil its very first Italian Fiat car by the close of 2023. The completion of an automobile assembly plant has paved the way for this significant development, as reported in various newspapers.
This venture is a collaborative effort involving Stellantis, a prominent multinational automotive manufacturing company headquartered in Amsterdam. According to Oran’s Governor, Saeed Sayoud, Stellantis has established this plant in the Northern Oran city as a joint endeavor.
Governor Sayoud was quoted as saying, “The first Fiat car is poised to make its debut in the Algerian market come December, in accordance with the agreement reached with Italian officials at Stellantis’ Oran complex.” This exciting announcement is generating considerable buzz.
While specific investment figures for the new car plant were not disclosed in the newspapers, Italian authorities previously estimated phase one’s costs at around 200 million euros (equivalent to approximately $215 million). These funds are earmarked for the production of 90,000 vehicles across four different models.
Algeria’s automotive scene is set to undergo a transformation with the imminent arrival of the Italian Fiat car. Keep an eye out for further updates on this exciting development!
