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Algiers International Fair: The President of the Republic highlights the state’s continuous support for investors – Al-Hiwar Al-Jazairia

The President of the Republic, Abdelmadjid Tebboune, during his supervision of the opening of the 54th edition of the Algiers International Fair, affirmed the state’s continued determination to support investors in launching or expanding their projects in various sectors and raising the rate of national integration, stressing that the emerging institutions and the youth invested in them are the future of the country.

President Tebboune, during his visit to several pavilions of the exhibition and his conversation with economic dealers and heads of public and private institutions, was keen to renew the keenness of the public authorities to provide all facilities for project holders, especially in the mechanical industries, manufactured industries and agriculture, calling for work to raise the proportion of National integration, especially since the capabilities of the national industrial fabric allow this.

The President of the Republic stopped at length at the pavilion of the private enterprise “VMS industrie” located in the state of Bejaia, which specializes in installing and manufacturing light vehicles, motorcycles (scooters) and three-wheeled vehicles, where he urged company officials to expand activity and diversify products, highlighting the importance of The industrial division in which the establishment is active.

In the same context, he called for the necessity of “launching the production of light vehicles that are used as workshops to repair mechanical defects for cars and craftsmen, which would attract young investors.”

The private company intends, within two weeks from now, to open a unit for the manufacture of structures that go into the manufacture of motorcycles, and this is in Oued El Bardi, in the governorate of Bouira, according to the clarifications of its officials, who confirmed that the integration rate in the enterprise ranges between 25 and 60 percent.

On the other hand, the military industry took a significant part in the pavilions of the exhibition, which lasts for six days. The institutions and companies affiliated to the Ministry of National Defense display a group of locally manufactured equipment, equipment and vehicles with a significant integration rate, based on the explanations presented on the occasion.

The President of the Republic praised the progress made by Algeria in the field of military industry, urging the promotion of public-private partnership and the increase in the rate of national industrial integration, especially in the mechanical industry, armored vehicles, engines, control systems and weapons.

President Tebboune also attended the first Algerian digital salon, which highlights the achievements of the five strategic sectors on which Algeria relies in economic development. This is related to industry in all its branches, agriculture, renewable energies, information and communication technology, knowledge economy and tourism.

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