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The Minister of Industry receives the representative of Volkswagen Group, the Executive Vice President of Seat Company

  The Minister of Industry, Mr. Ferhat Aït Ali Braham, received on Thursday in Algiers, Mr. Alfonso Sancha Garcia, the representative of Volkswagen Group for the North Africa region, Vice-president of the Spanish company Seat, a Volkswagen subsidiary.

During this meeting, held on the sidelines of the organization of the Algerian-Spanish Business Forum, the two parties examined the possibilities for the realization of an industrial project of Volkswagen Group in Algeria. In this context, Mr. Aït Ali Braham explained to the automobile giant representative the new legal framework governing this activity and the incentives and benefits that will be granted to investors in this field.

In a statement given to the press media, at the end of this interview, the Minister affirmed the willingness of the automobile group to establish an industrial project in Algeria in accordance with the new approach of automobile manufacturing, specifying that discussions with the foreign part had started six months ago.

He added that a working group will be set up, involving the Ministry of Industry and the Volkswagen Group to study the possibility of implementing  tourist vehicles manufacturing project, according to the new specifications. In this regard, he said, "We met today with Mr Garcia, on the occasion of the Spanish Prime Minister visit, in order to start studying the actual implementation of an industrial project in Algeria with Volkswagen Group".

For his part, the Executive Vice-President of Seat and representative of Volkswagen Group indicated that the discussions with the Algerian part were very interesting and constructive after having received explanations on the new specifications governing the automobile industry in Algeria.

"We are trying to move forward with this project to examine the possibility to materialize a Seat or a Group project here in Algeria," he said.

Ministry of Industry -October, 11th-2020

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