TURKISH-ALGERIAN JOINT VENTURE TO CUT TEXTILE IMPORTS DRAMATICALLY
January 1st, 2018
THE LAUNCH of a Turkish-Algerian joint venture is set to reduce textile imports into the North African country by as much as 90%, according to government officials. Claiming the initiative will operate Africa's second largest manufacturing textile complex, in Sidi Khettab, in the northwestern province of Relizane, in Algeria, the country’s ministry of industry and mines says it will employ 25,000 people within three years. It will by then have an estimated turnover of EUR36 million, projects the ministry. Officials say that 40% of the production at the USD1.5 ...
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