Algerian-Turkish partnership agreement was signed on integrated textile complex project in south-western province, Relizane (300 km southwest of Algiers) on Thursday. The Minister of Industry and Mining Abdeslam Bouchouareb chaired the signing ceremony.
The agreement was signed by the chief executive officer of the national public group of clothing industry CH, Mohamed Bouchama, and the CEO of the Turkish group, Taypa Mesut Toprak, specializing in textile.
The complex project estimated at an investment DZD150 billion, to be launched next November, will include eight integrated plants to specialize in the manufacturing of material and hosiery items, a training school in textile trades as well as a business centre and various other facilities.
The project will be delivered in 36 months from its launch to meet the needs of national market. Of the total production, forty percent will go to the domestic market while 60 percent will be exported. The project is also expected to create 25,000 jobs.
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