
Launch of a Brake Pad Production Plant in Rghaya
Supervised by the Prime Minister.
Small and medium enterprises, local business developments

Supervised by the Prime Minister.

Today, Wednesday, the Prime Minister, Mr. Saïfi Gharib, in Algiers, on behalf of the President of the Republic, Mr. Abdelmadjid Tebboune, oversaw the commissioning of a plant for the production of brake pads and their accessories. Mr. Gharib was accompanied during the inauguration ceremony by a ministerial delegation that includes the Minister of Interior, Local Communities and Transport, Saïd Sayoud, the Minister of Industry, Yahia Bacheir, the Minister of Finance, Abdel Karim Boualzerd, along with several officials and economic operators.

Commissioned by the President of the Republic, Mr. Abdelmadjid Tebboune, the Prime Minister, Mr. Saïfi Ghrib, today, Wednesday, in Algiers, inaugurated a plant for the production of brake pads and their accessories. Mr. Ghrib is accompanied during the inauguration ceremony by a ministerial delegation including the Minister of Interior, Local Communities and Transport, Mr. Saïd Sayoud, the Minister of Industry, Mr. Yahia Bchir, the Minister of Finance, Mr. Abdel Karim Boualzerd, along with several officials and economic operators.

Today, Wednesday, in Algiers, Prime Minister Mr. Saifi Gharib presided over the signing ceremony of two industrial cooperation agreements in the field of mechanical subcontracting, between the Eastern Maintenance Company (a subsidiary of the GICA Group) and both 'Stellantis Algeria' and 'Ident'. The signing ceremony took place on the sidelines of his inauguration of a factory for the production of brake pads and their accessories, belonging to the Eastern Maintenance Company, in the presence of the Minister of Interior, Local Communities and Transport, Said Sayoud, the Minister of Industry, Yahya Bchir, and the Minister of Finance, Abdel Karim Boualzerd, along with several officials and economic operators.

Algeria confirms its attractiveness as an investment destination in Africa, driven by structuring projects that reflect a shift towards a diversified production economy.

The Minister of Mines and Mining Industries, Mourad Hanifi, received in Algiers the Ambassador of the Republic of Namibia to Algeria, Samuel Kaveto Mbambo, with both parties discussing prospects for strengthening bilateral cooperation, particularly in the field of resource valorization and training, a statement from the ministry indicated on Monday, as reported by APS.

It confirms the strength of the partnership between the two institutions.

Algeria, which depends on the international market in several areas, pays a very high import bill. However, it can quickly reverse the trend. According to the Algerian Agency for Investment Promotion (AAPI), the solution is to produce locally, our consumption needs and those of the national economy. A study published yesterday by the Agency indicates that the import bill can be reduced by 95%, equivalent to 36.87 billion dollars.

The reforms initiated by the authorities continue to have an impact on the attractiveness of the national economy. As of the end of May 2026, the Algerian Investment Promotion Agency (AAPI) has registered over 22,300 investment projects, representing a total amount of more than 9,340 billion dinars, or nearly 70 billion dollars.

Algeria - The mechanical subcontracting sector has witnessed notable activity in recent years, thanks to the support and quality assistance provided to project owners by the Algerian Agency for Investment Promotion.

Algeria - The General Directorate of Taxes announced today, Monday, the issuance of a set of guidelines and brochures dedicated to explaining the steps and procedures for remote payment via the digital portal 'Jabaytak', as part of facilitating the use of electronic payment services for taxpayers.

The Investment Promotion Agency publishes the first issue of its magazine 'Investissement DZ'