Aug 29 2012
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Algeria seeks Turkey partnership to set up textile production complexes
Construction of the complexes will begin in the first quarter of 2013 in the states of Bejaia and Galizan, according to Omar Takdjout, secretary general of the National Federation of Textile and Leather.
According to the proposal, the Algerian government will hold 51% of the shares of the Bejaia factory and 83% of the Galizan plant. Turkey will own the rest.
Once that target is met, the new factories will begin exports to Europe and Africa," Takdjout said.
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