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Italian 'Saipem' Returns to Algeria After 16 Years

May 23, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Italian 'Saipem' Returns to Algeria After 16 Years

The Italian company 'Saipem', specialized in engineering, construction, and services related to the energy sector, has officially marked its return to the Algerian market through the industrial unit of the integrated phosphate project in the eastern region of the country, after an absence of more than 16 years due to a series of corruption scandals related to contracts it obtained in 2008. The official announcement of the Italian company's return was revealed through the financial statement for the year 2025, dated April 2026, which 'Echorouk' obtained a copy of, confirming the actual start of engineering works for the project in favor of 'SONATRACH', as part of the initial studies and technical designs for the anticipated industrial complex.

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