The Algerian company BOKS has obtained a concession contract for a economic land plot to establish an industrial project specializing in the manufacture of automotive components and spare parts in Ain Témouchent. This information was announced by the Algerian Investment Promotion Agency (AAPI) on September 22. The contract was granted by the decentralized one-stop shop in Ain Témouchent. The project involves the creation of an industrial unit in the Tamzoura industrial zone, covering an area of approximately one hectare.
The project plans to manufacture and assemble various components and equipment for the automotive industry, as well as produce metal body parts through stamping and forming. The parts to be produced include roof panels, door traverses, body floors, bumper traverses, and trunk floors. According to the AAPI, the unit is expected to have an annual production capacity of three million units. This project is expected to create around 107 direct jobs and enable BOKS to integrate the supply chain related to the automotive industry in Algeria.
The project aims to locally provide certain components used in vehicle manufacturing and reduce reliance on imports for some of these equipment. The AAPI emphasizes that this activity takes place in a context of growing needs in the automotive industry for local suppliers and subcontractors capable of meeting the technical requirements of manufacturers. In February, BOKS concluded a subcontracting contract with the Stellantis group to supply these types of parts to the Fiat vehicle manufacturing plant in Algeria.
This agreement is part of the approach to "develop the base of local suppliers" and strengthen the use of national subcontracting in automotive production in Algeria. The BOKS project is expected to contribute to the expansion of the local subcontractor network and offer new opportunities to Algerian industrial companies wishing to integrate the supply chains of the automotive sector. The AAPI supports the development of local industries and encourages investment in the automotive sector.
The concession contract awarded to BOKS is a significant step towards promoting investment in Algeria's industrial sector. The project will not only create jobs but also contribute to the country's economic growth. The Algerian government has been actively promoting investment in various sectors, including the automotive industry, to reduce reliance on imports and increase local production.
The automotive industry is a key sector in Algeria, and the government has been working to develop the industry through various initiatives. The BOKS project is one of several initiatives aimed at promoting local production and reducing imports. The project is expected to have a positive impact on the country's economy and contribute to the growth of the automotive industry.
The implementation of the BOKS project is expected to start soon, with the company planning to begin production in the near future. The project will be monitored by the AAPI, which will ensure that the company meets its production targets and creates the expected number of jobs. The success of the BOKS project could lead to similar investments in the automotive sector, contributing to the growth of Algeria's economy.
Key points
- BOKS obtains concession contract for automotive parts factory in Ain Témouchent, Algeria
- The project plans to manufacture and assemble various components and equipment for the automotive industry
- The unit is expected to have an annual production capacity of three million units and create around 107 direct jobs
