The possibility of a joint investment in the manufacture of commercial vehicles, particularly buses, fire-fighting trucks, and heavy-duty trucks, was the focus of a meeting between the Minister of Industry, Yahia Bachir, the Ambassador of the Sultanate of Oman to Algeria, Saif Ben Nasser Al Badaï, and the CEO of Karwa Motors, Ibrahim Ali Al Balushi.
This meeting is part of a win-win partnership approach aimed at exploring new prospects for industrial cooperation between Algeria and Oman, according to a statement issued by the Ministry of Industry on Saturday. Both parties expressed their shared desire to realize projects reflecting the vision and directives of the leaders of both countries, President Abdelmadjid Tebboune and Sultan Haitham Ben Tarek of Oman, in support of strengthening bilateral economic and industrial cooperation.
The Minister of Industry praised the proposed partnership project, affirming Algeria’s commitment to develop genuine local industrial investment. He reiterated his department’s full readiness to support the Omani partner and provide all necessary facilities to ensure the success of joint projects.
On its part, the Omani company Karwa Motors showcased its advanced industrial and technological capabilities, which enable it to export to multiple international markets. It also expressed its willingness to transfer its expertise to Algeria, with a high rate of local integration and production that complies with international standards.
Furthermore, the Omani partner officially invited the Algerian minister to visit its factories in the Sultanate of Oman to explore the modern equipment and technologies that could be integrated into potential projects in Algeria.
The minister affirmed that this meeting demonstrates the strategic depth of the Algerian-Omani partnership and reiterated the commitment of both countries to build strong industrial cooperation that fosters new investment opportunities and economic transformation.
In the same context, it is worth recalling that President Abdelmadjid Tebboune had ordered the import of 10,000 buses during a cabinet meeting held last August. This measure aims to modernize the national fleet and replace aging buses over 30 years old that are already being phased out. The operation is supervised by the Ministry of Industry. Simultaneously, the President also ordered the massive import of tires in various categories to address any potential shortages.