Towards the resumption of car assembly in Algeria?

The government has officially ordered the Ministry of Industry to establish a large industrial pole destined to be integrated into the automotive industry, through factories recovered from businessmen prosecuted in corruption cases, against which the judicial authorities have rendered final decisions.

According to correspondence issued by the office of the Prime Minister, Aimene Benabderrahmane, bearing the number 455, the Prime Ministry, in application of the instructions of the President of the Republic, the minister of industry, in cooperation with all relevant stakeholders and sectors, ordered the need to propose mechanisms for the creation of economic entities that receive property confiscated by judicial authorities through final decisions. In addition to scheduling a meeting of the National Council for State Contributions, in cooperation with the relevant ministries, to ensure the transfer of the assets of the relevant institutions to the public sector, especially those affiliated with the institutions of the Ali Haddad complex, which is sentenced to 12 years in prison.

Furthermore, it was officially decided, according to the same correspondence, to create a large industrial pole to be incorporated in the field of the automotive industry, through the recall factories affiliated with SOVAC, MAZOUZ, TAHKOUT and BAIRI, with the appointment judicial administrators, as managers of economic entities.

The private companies of ex-businessmen in prison, taken over by the public sector

According to Echourouk, the Ministry of Industry is currently working at full speed to count the properties which have been confiscated by a final court order and which will be recovered by the State, to be transferred to the public sector. Like what happened with the Transport Company of Tahkout and its transformation into a public complex affiliated to the Ministry of Transport, under the name “University of Transport and Services”.

The Ministry of Industry has also officially started reclaiming the properties of many private institutions whose owners are in prison and turning them into public complexes. Like the Kouninef brothers’ Jijel oil factory, which has been transformed into a public complex, a project that will contribute to the development of certain other industries and will cover 50% of oil needs and 80% of livestock feed.

This comes at a time when the government has officially decided to relaunch automotive installation activity, negotiating with 13 owners of large industrial complexes abroad to invest in Algeria. This while limiting the number of new factory owners.

Leave a Comment