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Aabar to build cars in Algeria with partners

The group plans to assemble up to...

August 10, 2009 12:58 by

Abu Dhabi- based Aabar Investments said that it has signed a deal with five German manufacturers to develop vehicle and engine factories in Algeria. The group plans to assemble up to 10,000 cars and trucks a year, Aabar said in a statement.

The German manufacturers will be led by MAN Ferrostaal, and include Daimler, Deutz, MTU Aero Engines Holding and Rheinmetall. Assembly is expected to start in 2010.

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