The recovery of confiscated assets and their integration into the public industrial and commercial sector continues. More than 90 production units have been integrated into the public sector, of which 62 have resumed operations. This was announced by the Minister of Industry, Yahia Bachir, who also highlighted the role of the industrial sector in supporting the national economy.
“In accordance with the instructions of the President of the Republic, Abdelmadjid Tebboune, the assets and properties of 92 production units subject to confiscations under final court rulings have been transferred to the portfolio of the public industrial and commercial sector, of which 62 units have resumed activities during 2024 and 2025, 22 units are scheduled for relaunch this year, and eight others in 2027,” specified the Minister of Industry before members of the National People’s Assembly (APN).
Algeria is indeed carrying out a large-scale operation to recover and relaunch confiscated production units and put them at the service of the national economy, in addition to preserving jobs.
Several factories operating in various sectors, such as cement plants and food processing units, have already been recovered and put back into service in several provinces of the country.
The public authorities are making this file a priority. The Prime Minister had already emphasized the government’s determination to continue relaunching confiscated projects as part of the fight against corruption, affirming that all projects recovered by the state will be reactivated.
Furthermore, the Minister of Industry, who spoke this Friday during a plenary session at the APN dedicated to oral questions, highlighted the major role of the sector in supporting the national economy and strengthening non-hydrocarbon exports.
He praised the role played by the public industrial and commercial sector in the national economy, specifying that “its overall turnover reached approximately 562.9 billion dinars last year, while exports exceeded 3.38 billion dinars.”
To strengthen this vital sector, which employs nearly 101,000 workers, the minister indicated that his ministry has undertaken several deep structural and organizational reforms, particularly in the development of public industrial economic enterprises, which “have been organized into eight industrial holding companies and two industrial groups, in addition to certain majority and minority participations.”
Furthermore, the minister addressed the automotive sector, recalling the measures taken by the public authorities, particularly those concerning the authorization for citizens to import tourist vehicles less than three years old.
Regarding the construction of vehicles and heavy trucks, he indicated that approval has been granted to 16 automobile manufacturers, including companies for the production of motorcycles, agricultural equipment, trucks, and tractors, as well as approval for a single manufacturing activity to Stellantis Production Algeria for the production of the Fiat brand.
Yahia Bachir also recalled that two preliminary licenses have been granted to the Algerian-Chinese automobile construction company for the production of the Chery brand and to Hyundai Motors Manufacturing Algeria for the production of the Hyundai brand, pending the acquisition of industrial land to realize their project before granting final approval. He added that two other companies will be announced as soon as they obtain their preliminary licenses.