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...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
State share to rise to 40% under Mining Code Move aims to boost control, revenues from gold sector Burkina Faso will pay 70 billion CFA francs...
Uganda to commission $300 million cement plant next week Plant to produce over 6,000 tons clinker daily Project aims to cut imports, boost jobs,...
New national platform offers courses and exercises from preschool to secondary Initiative aims to ensure learning continuity and modernize...
Seoul opens talks with Algeria and Libya to secure alternative oil supplies Heavy dependence on Middle East routes exposes refining system to...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...