Business - Algeria News Gate

Algeria Plans $2.3 Billion Automotive Cluster

Algeria is considering a $2.3 billion automotive cluster to expand local vehicle production and strengthen its domestic supply chain.

Algeria has assured foreign airlines that eligible revenue transfers will be processed within 24 hours.

Baladna Algeria has launched a campaign to hire more than 1,000 workers for its mega-farm project in Adrar.

Saidal has begun restarting production at the former HUP Pharma site in Constantine after its closure in 2023.

President Tebboune inaugurated the 57th Algiers International Fair, with Spain as guest of honor and investment taking center stage.

Saudi Midad Energy has launched the first phase of its $5.4 billion South Illizi Basin project with Sonatrach, marking a major investment in Algeria.

Maghreb Leasing Algérie celebrates 20 years of activity after financing over 180 billion dinars and supporting thousands of business projects.

AYRADE has become the first Algerian sovereign cloud operator to launch an IPO, marking a major milestone for digital sovereignty.

Algerian courts sentenced Mahieddine Tahkout to 10 years in prison and ordered the seizure of Swiss assets in a major corruption case.