Iranian carmaker to commission assembly unit in Algeria next March
The car assembly unit of the Iranian brand "Saipa" which will be built in the industrial zone of Frenda (Tiaret) will enter production phase next March, the prefecture said Tuesday.
Falling under the framework of a partnership between Group Tahkout "Cima Motors" and the Iranian company "Saipa", this unit located in Frenda will create hundreds of jobs for the youth in the region.
Tiaret includes two other car assembly plants for "Hyundai" and "Mercedes Benz" brands.
In addition, the same source announced Frenda industrial zone will experience 30 investment projects of the private sector in the sectors of construction and public works (BTP) sectors and the food industry.
The Frenda industrial zone includes 46 projects of investment, which 30 already launched.
(Source: Algeria Press Service)