The Government set to “defy” oil market with projected manufacturing of 600,000 Algerian vehicles!

Four years after the Algerian government signed the partnership agreement with French car-maker Renault, and almost two years after the launch of the “Symbol” car plant in Oran (western Algeria), car-manufacturers based in the country with their accredited dealerships are racing against the clock with a view to opening factories for the production of new vehicles and assembling units across the 48 provinces of Algeria.

These include Peugeot, Volkswagen, Fiat, Nissan, Hyundai, Ford and others, through a foreign partnership under the government’s rule of investment 51%/49%, and some of them are said to be keen to open vehicle assembly units at the rate of 100 percent.

And ending time prescribed by the introduction of modules for installation and manufacturing in Algeria in January 2017, ie within 8 months of the new conditions governing the activity authorized book dealers that special.

As part of the action program worked out by the Ministry of Industry and Mines, Algeria foresees the manufacturing of around 600,000 cars in Algeria by the year 2017, through this facilitation measures aimed at boosting vehicle production.

The move is aimed giving a solid impetus to this important sector of activity, while garnering hefty revenues as part of the government’s efforts to grapple with the dwindling incomes stemming from the plummeting world oil prices.

However, car dealerships based in Algeria are still awaiting clarifications from the relevant ministry about the proper procedures and conditions set for the projected opening of such vehicle assembling and manufacturing units in various parts of the national territory.