After having started assembling Hyundai cars in 2016, the Tahkout group is now getting ready to start assembling Suzuki cars, starting from May 2018, in Saïda, Algeria.
The development of the related assembly unit and its equipping will be completed before the end of the year, a statement indicates. This infrastructure will produce 10,000 cars per year, a capacity that the firm aims to increase in order to achieve a capacity of 100,000 vehicles per year in the next five years.
Two types of vehicles of the brand will be produced at the facility; those are the Suzuki Alto and the Suzuki Swift. Their commercialization is expected to begin in the second half of 2018.
This investment project by the Tahkout group will generate 400 jobs, for an initial cost of $450 million. 40% of these will be mobilized on own funds. Moreover, besides assembling cars, the group plans to later make engines and gearboxes for the cars it produces at the factory.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Mobile phones have become essential tools for work, education, payments and staying connected across...
BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Etihad to launch flights to six African cities by 2027 Routes include Lagos, Accra, Kinshasa with up to seven weekly flights Expansion targets...
Senegal moves to regulate ride-hailing platforms with new decree Reform defines VTCs as intermediaries, taxis as service providers Framework aims to...
Growth driven by high prices and strong global demand Policy push to boost local processing expected to sustain gains Ghana's export revenues from...
US considers raising refugee cap to admit more white South Africans Policy prioritizes Afrikaners, amid disputed persecution claims Move marks shift...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...