Algeria- UAE- Germany: A partnership to produce 8,500 vehicles par year
Algerian defence and industry ministries on Tuesday signed a protocol agreement with Abu Dhabi's fastest growing investment fund Aabar and German auto maker Daimler to manufacture 8,500 Mercedes-Benz industrial vehicles annually in Algiers.
- An Algerian Emirati joint venture will be created this year with Daimler as a technological partner to manufacture the vehicles in the National Company of Industrial Cars in the area of Rouiba.
- According to the agreement, a total of 16,500 vehicles will be produced annually after five years of production intended to meet the national market needs.
- The agreement which will create 3,500 new jobs was signed in presence of the deputy minister of National Defence Abdelmalek Guenaizia, the industry minister Mohamed Ben Meradi, the finance minister Karim Djoudi and the CEO of the National Company of Industrial Cars Mokhtar Chahboub.