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Industry: 2013, year of business climate improvement, launch of Renault project

ALGIERS- Algeria’s industrial sector saw, in 2013, the improvement of business climate, which is a priority for the government, and the launch of major projects with the laying of the foundation stone of Renault car assembly plant in Oued Tlelat (west of Oran).

 

Determined to reduce the country’s dependency on hydrocarbons, the government focused on the development of a solid industry, particularly some priority areas, such as engineering, steel industry and manufacturing.

The year 2013 was marked by the adoption of a new industrial policy based on the strengthening of SMEs (small and medium companies), by granting them more advantages and the promotion of these strategic industrial sectors which possess a rich potential.

The Industry Ministry set up a committee in charge of improving Algeria’s business climate and its ranking in the World Bank’s Doing Business Report.

The creation of this committee is part of a logical action, which aims at ensuring an immediate impact of reforms on the life of the entrepreneur and investor.

For a better mastery of the industrial technology, the government concluded several partnerships based on the transfer of know-how with foreign companies to boost the national industry whose share of the gross domestic product doesn’t exceed 5%, with the aim to increase it to 15%.

The launch, in September, of the construction work of Renault car assembly plant in Oued Tlelat (Oran, 432-km west of Algiers), a partnership between Algeria’s National Company for Industrial Vehicles (SNVI) and National Investment Fund (FNI) and French Renault Group, was 2013’s major event in the sector of industry.

The Renault-Algeria first car will be released from Oued-Tlélat plant in November 2014.

The plant will manufacture, in a first stage, about 25,000 cars per year before shifting to higher pace of 75,000 units/ year in 2020.

(APS) Saturday 28 December 2013

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