Algerian Radio
Prime Minister Sifi Ghrieb emphasized on Wednesday in Algiers the keen interest of the President of the Republic, Mr. Abdelmadjid Tebboune, in reviving industrial units confiscated under final judicial rulings as part of the state's ongoing recovery of looted assets. He confirmed that this recovery process will soon expand to other units across the country, notably in Batna and Tissemsilt.
Mr. Sifi Ghrieb made these remarks during a press briefing held on the sidelines of his inauguration of the brake pad and accessories manufacturing plant in Reghaia. He was accompanied by a high-level ministerial delegation, including the Minister of the Interior, Local Communities, and Transport, Mr. Saïd Sayoud; the Minister of Industry, Mr. Yahia Bachir; and the Minister of Finance, Mr. Abdelkrim Bouzred, alongside several senior officials and economic operators.
The Prime Minister reaffirmed President Tebboune's commitments to the Algerian people to recover looted funds and relaunch confiscated facilities. He explained that this operation is ongoing and will soon be bolstered by the revival of other factories according to a set schedule. He recalled the trajectory of this recovery process, which began in Adrar, moved to the M'Sila unit, and will next proceed to the automotive body manufacturing plant in Batna, which "under the President's instructions, will open on the scheduled and committed date."
He added that putting the Reghaia plant into service reflects continuous government action, pointing out that President Tebboune recently ordered the manufacturing of specialized machinery for grain storage silos, which was achieved in a remarkably short period.
On this occasion, the Prime Minister lauded the efforts of the Eastern Maintenance Company (SME), a subsidiary of the industrial cement group GICA, which enabled the revival and commissioning of the Reghaia factory in less than two months.
He highlighted the plant's strategic importance, noting that its annual capacity of 1.5 million brake pads will supply parts for 25 international passenger car models and six heavy-duty vehicle brands, with plans to expand to other brands in the future. He emphasized that quality is paramount given the safety-critical nature of the product, stating that the plant will meet 40% to 50% of national demand.
Furthermore, Mr. Sifi Ghrieb called on former employees of the facility to return to their posts, assuring them that the doors remain open and instructions have been given to ensure favorable working conditions to resume operations.
The Prime Minister also urged economic operators to invest in spare parts manufacturing, reaffirming that the state, under the President's guidance, provides all necessary incentives through the single window of the Algerian Investment Promotion Agency (AAPI). He added that spare parts manufacturing projects will benefit from a "green corridor" to expedite administrative procedures and accelerate implementation.
Following the inauguration, the Prime Minister watched a documentary detailing the project's revival and toured the factory lines to inspect the machinery and production stages, reiterating the necessity of maintaining the highest standards of quality and industrial safety.
This industrial facility, operated by SME under GICA, represents a major asset for Algeria's mechanical industries, designed to meet domestic demand, reduce the import bill, increase the local integration rate, and open up promising export opportunities to regional and international markets.
