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Corrupt Businessmen to Remain in Jail Until Repayment of Looted Money
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Public Treasury Demands 50 Billion Centimes From Owner Of SOVAC Vehicle Complex – الشروق أونلاين
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Corruption: How Algeria s auto sector hit the wall
By AFP - Feb 14,2021 - Last updated at Feb 14,2021
ALGIERS Shuttered assembly plants, jailed bosses, laid-off workers. Algeria s once ambitious plans to create a flagship auto industry have turned into a fiasco.
The country s recent years of political turmoil have also seen its foreign joint venture factories close and cronies of its ousted president Abdelaziz Bouteflika end up behind bars.
Algeria s dream of creating thousands of jobs has collapsed and the country is in dire need of new vehicles.
The government is putting on a brave face.
Last month, the country’s Industry Minister Ferhat-Ait Ali pledged that it is preparing the revival of this industry on solid foundations, which break with the practices of the past .