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Inauguration of a new cement plant in Timektane

 

Mr. Ouyahia affirmed this new cement plant was "a source of pride for Algeria" and "a proof of the encouraging investment policy effectiveness within the framework of the orientations of the President of the Republic, Mr. Abdelaziz Bouteflika ".

 Mr. Ouyahia went to the commune of Timektane (260 km from the capital of the province of Adrar) for the inauguration of a new cement plant with a forecast capacity of 1.5 million tons / year in a first phase before moving to three (3) million tons / year after its planned expansion in a second phase.

The result of a partnership between the Algerian private company "Société Sidi Moussa" (STG) and the Chinese company CTIEC for an investment of 21 billion DA, this plant, the first of its kind in the great south of Algeria, will generate 1,100 jobs including 400 permanent jobs.

It will allow the creation of additional resources and the reduction of cement prices which have fallen by half in Adrar and the neighboring wilayas, noted the Prime Minister.

Welcoming the ambition of the Algerian investor to start exporting abroad, particularly to neighboring African countries, Mr. Ouyahia stressed that this approach will guarantee additional revenues in currency for the benefit of the national economy in addition to jobs creation and of the local development process consolidation.

 

 

 

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