Abu Dhabi investment company Aabar and German companies cooperate with Algeria
The Abu Dhabi investment company Aabar and the Algerian Ministries of Defence and Industry have concluded a memorandum of understanding with five German companies relating to the construction and operation of manufacturing plants for vehicles and engines in Algeria. The planned collaboration was announced by the Algerian prime minister.
HE Khadem Al Qubaisi, Aabar’s Chairman said: “Aabar are delighted to be working with the Algerian Government and some of Germany’s leading technology companies on this exciting new venture. With this important investment, Aabar continues to develop opportunities through our partnership with Daimler.”
It is intended that MAN Ferrostaal will carry out the entire project as general contractor. The company is expected to modernise and build production facilities in Tiaret, Ain Smara and Oued Hamimine. After this, assembly equipment for the manufacture of vehicles and engines is to be installed. It is envisaged that MAN Ferrostaal will subsequently manage their operation in joint venture companies which have yet to be established.
Daimler, Deutz, MTU Friedrichshafen and Rheinmetall are involved in the project as technology partners. They provide licences and proprietary rights, as well as parts sets for the manufacture of the vehicles and engines that are supplied from Germany. With the support of these partners, it is intended that the portion of local production in Algeria can be gradually increased over time, for example by identifying and using domestic suppliers. Specific products to be manufactured are the Sprinter, Unimog, G-Class and other all-wheel drive vehicles as well as engines.
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