Automotive Industry: Progress update on the Hyundai project in Algeria

Minister of Industry, Ferid Belkacem, met with a delegation from Hyundai Motor Manufacturing Algeria and representatives of Korean subcontracting companies. The meeting focused on assessing the investment project's progress and its operational readiness for manufacturing. Both parties explored ways to foster partnerships with local suppliers and Algerian subcontractors to boost local integration rates and promote the domestic production of vehicle components. The Ministry reaffirmed its commitment to supporting the project and coordinating with stakeholders to expedite the launch of production.