Hyundai to Open Automobile Assembly Plant in Algeria by 2027
Hyundai, the South Korean automotive giant, is set to re-enter the Algerian market with a substantial project. This initiative involves the construction of an automobile assembly plant in Relizane, marking a significant investment in the North African nation’s industrial sector. The project, a collaborative effort with Oman’s Saud Bahwan Group, is slated to be operational by 2027, showcasing Hyundai’s commitment to expanding its footprint in Africa and the broader Middle East.
A Boost for Algerian Automotive Industry
The new Hyundai plant will be located in Sidi Khettab and represents an investment of approximately $400 million. This strategic move by Hyundai, as reported by The Korea Economic Daily, will establish the fourth Hyundai manufacturing facility on the African continent. The assembly plant will operate under the CKD (completely knocked down) system, meaning that vehicle components will be shipped and assembled on-site. The partnership with Saud Bahwan Group highlights the growing international investment in Algeria’s automotive industry. This investment not only strengthens the local economy by creating jobs but also fosters technological advancement within the country, potentially stimulating the growth of supporting industries within Algeria’s burgeoning tech ecosystem.
This bold move by Hyundai underscores the company’s commitment to Africa and signals a promising future for the Algerian automotive market. The upcoming plant is anticipated to bolster Algeria’s industrial capabilities and contribute to its economic development.
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