Meanwhile,
Hyundai factory installed old volkswagen:
We know much more about the Hyundai factory project in Algeria. For example, The South Korean giant is preparing to return to the Algerian market. Nevertheless, with an investment of $ 400 million in a car manufacturing plant. Meanwhile, This factory will be located on the old Sovac site in Relizane in the west of the country where. Furthermore, the models of several brands of the German Volkswagen automobile giant were assembled.
This is announced by the senator of the group of ” independent »At the Council of the Nation (Senate). Therefore, Bettahar Lazreg on Wednesday July 16 in a press release. The member of the Council of the Nation did not specify his source. but he joined his press release a photo of him with the Minister of Industry Sifi Ghrieb. The Hyundai project in Algeria is hyundai factory installed old volkswagen carried out by the Omanais group Saud Bahwan in a context of strengthening economic. diplomatic relations between Algiers and Mascate.
Algeria: Hyundai will resume the ex-site from Volkswagen to Relizane – Hyundai factory installed old volkswagen
« It’s official. the Hyundai factory will be located at the Sidi Khettab industrial zone on the old Volkswagen site “Announced Bettahar Lazreg, without specifying the date of the launch of the South Korean automotive giant factory, the Tiaret’s assembly factory of which was closed, following the government’s decision to review the cars manufacturing conditions to end what is called” inflation of tires “or” disguised import Who cost Algeria to billions of dollars to Algeria, according to the President of the Republic Abdelmadjid Tebboune.
The Hyundai and Volkswagen factories were created in the late 2010s, and were closed in 2020. Their owners were arrested and heavily sentenced to prison. The German group announced in December 2019 the suspension of its hyundai factory installed old volkswagen production in Algeria. Since then, no news on his return to the country has been revealed.
On the other hand. Hyundai presented, a year ago, in the government, a car manufacturing project in Algeria for an investment of $ 400 million, and he obtained the green light from the Algerian authorities.
In early July. the Minister of Industry reported a project to relaunch the Sovac site, which was nationalized after the condemnation of its owner to the prison, without giving more details. It seems, according to Senator Lazreg, that the site was chosen to accommodate the future Algerian factory in Hyundai.
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