Algeria’s Industry and Mines Minister Youcef Yousfi recently inaugurated a textile manufacturing facility at Sidi Khettab Industrial Zone in Algerian Province of Relizane.
The unit has been set up, at a cost of around US $ 1.5 billion, as a joint venture between Algerian Government and Turkey’s Tay Group. 49 per cent share of the facility is owned by Tay and the rest 51 per cent of the shares are with the Algerian Government.
The unit will employ around 10,000 people at the initial stage. It will be completed in three phases. After the completion of the entire facility, employment to over 25,000 people will be offered.
“At least 40 per cent of the production from here would be consumed by the domestic market while the rest 60 per cent would be exported,” the Minister was quoted as saying in local media reports.
The textile manufacturing unit called ‘Tayal spa, spread over an area of 2.5 million square metres, will produce 60 million metres of denim fabric and 30 million pieces of garments annually.
The facility will be equipped with eight textile production units, a textile school and accommodation facility for workers and officials.
Readymade garments, industrial fibres, denim, and knitted and woven fabrics would be majorly manufactured from the 10 factories, to be set up in the second phase.
