German Mercedes to build spare parts manufacturing unit in Algeria
Wednesday, 13 January 2016 13:26
Car dealer Mercedes plans to build in Algeria a spare parts-manufacturing unit, Algeria Press Agency (APS) reported on january 12.
The agreement related to the construction of this unit was signed during an Algeria-Germany business forum held in Berlin and where was present Prime Minister Abdelmalek Sellal, invited by German Chancellor Angela Merkel, the same source revealed.
Similar partnership agreements between German and Algerian firms have been signed namely in the areas of solar energy, hydraulic, textile and sustainable agricultural development in the South, APS added citing sources close to Prime Minister.
“Some of the currently implanted German companies (about 200) plan to expand while others plan to invest in big projects which are related to the environment notably in Ouargla and El oued ; Some also are interested in investing in the agro-food industry in the Great South and in large scale agriculture,” the same source says.
The Algeria-Germany Business forum was headed by Mr Sellal who presented the report of the current economic status of Algeria, and Parliamentary State secretary of German Federal Ministry of Energy and Economy, Uwe Beckmeyer.
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