Algeria's TIRSAM Negotiates with Global Manufacturers for Passenger Car Production
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Algeria's Ministry of Industry received a delegation from TIRSAM, a company active in the automotive and industrial sectors, on Thursday. The meeting focused on negotiations with global manufacturers to establish a partnership for developing a comprehensive passenger car industry.
During the meeting, discussions were held on the progress of TIRSAM's current investment project and the achieved rate of local integration. The possibility of expanding the project to include passenger car production, or launching a new independent investment project in this field, was also explored.
TIRSAM is currently in talks with international manufacturers to form a partnership aimed at developing a comprehensive passenger car industry. The ministry emphasized the importance of increasing the local integration rate and strengthening the national logistics network. This would support the national industry and contribute to reducing the import bill.
TIRSAM is a company active in the automotive and industrial sectors, including agricultural equipment.
CONTEXT: Algeria has been working to develop its automotive industry and reduce its reliance on imports, making this potential partnership significant for the country's economic diversification efforts.
