On October 12, 2026, Oran Governor Ibrahim Ouchan paid a visit to the tire factory project in the Hamoul Industrial Zone, Tafraoui municipality. The project, which aims to boost Algeria's automotive industry, has reached 45% completion. During his visit, Ouchan listened to the concerns of the project's managers, including the need for a reliable electricity supply. He instructed the director of state-owned electricity company Sonelgaz to establish a second electricity connection to support the project's workshops and ensure timely completion.
The tire factory project is considered a significant investment in Algeria's industrial sector, expected to create new job opportunities and stimulate local economic growth. Governor Ouchan emphasized the importance of accelerating the project's pace to meet the scheduled deadline. He urged the project's managers to take necessary measures to ensure the timely completion of the project, which will contribute to the development of Algeria's automotive industry and enhance the country's industrial capabilities.
The project is part of Algeria's efforts to promote domestic manufacturing and reduce reliance on imports. Once completed, the tire factory is expected to produce a significant quantity of tires, meeting local demand and potentially exporting to regional markets. The project's implementation is also expected to have a positive impact on the local economy, creating jobs and stimulating economic growth in the region.
Governor Ouchan's visit to the project site reflects the Algerian government's commitment to supporting industrial development and promoting investment in the country. The government's efforts to improve the business environment and provide incentives for investors are expected to attract more foreign investment and boost economic growth. The tire factory project is one of several initiatives aimed at diversifying Algeria's economy and reducing its dependence on hydrocarbons.
The Hamoul Industrial Zone, where the tire factory project is located, is one of several industrial zones established by the Algerian government to promote industrial development and attract investment. The zone offers a range of facilities and services, including infrastructure, logistics, and administrative support, making it an attractive location for investors. The tire factory project is expected to benefit from the zone's infrastructure and services, enabling it to operate efficiently and effectively.
Algeria's automotive industry has been growing in recent years, driven by government support and investment in the sector. The country aims to become a major player in the regional automotive market, producing vehicles and automotive components for local and international markets. The tire factory project is part of this effort, contributing to the development of a domestic automotive industry that can compete with international producers.
The project's completion is expected to have a positive impact on Algeria's trade balance, reducing the country's reliance on imported tires and promoting domestic production. The project will also contribute to the government's efforts to create jobs and stimulate economic growth, improving living standards for Algerians. With 45% of the project completed, the governor's visit has highlighted the importance of timely completion to achieve these objectives.
Key points
- The project aims to create new job opportunities and stimulate local economic growth in Oran.
