Finance

Algeria authorizes Nissan to build an assembly plant in Relizane  

Thursday, 20 December 2018 14:10
Algeria authorizes Nissan to build an assembly plant in Relizane  

(Ecofin Agency) - The carmaker Nissan received the approval of Algerian investment council for the construction of an assembly plant at Relizane (300 km West of Algiers), Motors Magazine reported on December 16, quoting one of the Japanese group’s local partners.

"We have received the government’s approval to launch the assembly of Nissan cars. Nissan will thus be the only Japanese brand to be authorized, for the time being, to produce cars in Algeria”, said Sefiane Hasnaoui, managing director of Hasnaoui group that distributes Nissan branded cars in Algeria.  

According to the Algerian media, this assembly plant will require an investment of $100 million and should produce 60,000 cars yearly including the Sunny, Cabstar and Micra models.

Let’s note that in October 2018, the Algerian ministry of industry and mining announced that it received a dozen new assembly plants’ construction requests from various car makers. 



 
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