German Chancellor Angela Merkel’s official visit on Monday to Algiers constitutes an opportunity to assess the Algerian-German economic relations and to reinforce the partnership avenues for a strong relation economically.
This second visit of Merkel following that paid in 2008 will be notably marked by the holding of the 6th session of the Algerian-German Joint Committee and the Business Forum between the two countries’ operators.
It also follows the visit Prime Minister Abdelmalek Sellal has paid to Berlin in January 2016, during which the two parties had identified about thirty partnership short and medium-range projects.
Several economic matters will be thus examined by the Algerian and German officials.
Besides the Algerian-German Committee, a meeting of the economic operators which will bring together nearly 70 German businessmen and one hundred Algerian operators is expected to be held late Tuesday, aimed at targeting projects in which partnerships can be forged.
Numerous industrial sectors, part of the Algerian policy for economical diversification attract the German companies, notably the engineering industry, the car subcontracting, the renewable energy, chemistry and the pharmaceutical industry.
In the engineering industry, Algeria and Germany are already lined by partnerships, such as for the manufacturing of Mercedes-Benz brand cars in Algeria by German group Daimler (parent company Mercedes-Benz), the National Company of Industrial Cars (SNVI), National Defence Ministry (MDN) and Emirati Group Aabar.
Moreover, the German car manufacturer Volkswagen signed, several months ago, an agreement with car dealer Sovac for the creation of a car assembly plant in Algeria.
This plant, which will be based in Relizane, is planned to start production next June. For car models, namely Volkswagen Golf 7, Seat Ibiza, Skoda Octavia and Volkswagen Caddy will be assembled with a capacity of production of 12,000 units per day for the first year.
The plant which required an investment of €170million eyes 100,000 vehicles after 5 years of activity.
“This partnership will allow Algeria to be a bridge for the export of the brand cars towards the countries of the Maghreb and Africa,” said the two partners.
Over 200 German companies activating in various sectors have affiliated plants in Algeria.
Algeria Press Service
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