US EditionChina's Jingdong to Build $500m Steel Plant in Algeria
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China's Jingdong to build $500m steel plant in Algeria
Chinese company Jingdon Steel is planning to build a plant in Algeria at a cost of around $500 million, with half the output destined for the export market. On Monday it signed a contract for the 500,000-tonne-capacity plant on with Omar Rekkache, director general of the Algerian Investment Promotion Agency (AIPA). AIPA, which was created two years ago to attract capital to the North African country, said the project is located in the Northern M…
Chinese company Jingdong Steel has been awarded a concession contract to acquire a plot of land for the construction of an iron and steel production plant on an area of 36 hectares in the province of M'sila, the Algerian Investment Promotion Agency (AAPI) announced in a statement on Monday. The contract award ceremony was held this Monday at the agency's headquarters, under the supervision of its general manager, Omar Rekach, according to the st…
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