Algeria’s Car Industry Goals Come up Against Absence of Strategy - News Summed Up

Algeria’s Car Industry Goals Come up Against Absence of Strategy


Algeria has announced its plan to increase its car production capacity to 260,000 by 2018, a goal that remains hard to attain in light of the absence of a clear-cut strategy. The development of the car industry sector in Algeria was an attempt to reduce the country’s soaring import bill. Algeria imported 605,000 cars in 2012 for $7.3 billion. When considering that Algeria’s aim to develop a local car industry has turned into “disguised imports”. This made the price of cars “made in Algeria” much higher than new imported cars.


Source: The North Africa Journal January 02, 2018 13:18 UTC


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