Algiers – Investors seeking to establish automotive manufacturing projects in Algeria will be required to secure agreements with subcontractors prior to launching their ventures. This announcement was made today by Minister of Industry, Yahia Bachir.
Speaking on Thursday, Minister Bachir emphasized the government’s commitment to fostering a robust and sustainable automotive industry within the country. He stated that this new regulation is a crucial step towards achieving that goal. By mandating that investors bring subcontractors on board from the outset, the government aims to create a more integrated and localized supply chain.
“Algeria is moving steadily towards developing a genuine automotive industry,” Minister Bachir affirmed. He highlighted the importance of collaboration between international investors and local businesses to ensure long-term success and economic benefits for the nation.
The requirement to secure subcontractors is intended to boost local content and create opportunities for Algerian companies to participate in the automotive manufacturing process. This will not only generate jobs but also contribute to the development of technical expertise and industrial capabilities within the country.
The Ministry of Industry believes that this strategic approach will attract serious investors who are committed to building long-term partnerships and contributing to the growth of Algeria’s economy. The new policy is expected to streamline the approval process for automotive manufacturing projects and ensure that they align with the government’s industrial development objectives.
DZWatch will continue to follow this developing story and provide updates as they become available.
