Doha- Qatar The governments of Qatar and Algeria have decided to enter into a joint venture, for the construction of a steel complex in Algeria, at the industrial Area of Bellara, (Jijel). The planned steel complex will have a total production capacity of 4 million tons per year, while it is designed to produce 2 million tons of steel rebars in its first phase. (1,5 MT of steel rebars & 500,000 Tons of Wiring rod,) to meet the requirements of the local market, on a priority basis. The joint venture was signed by the two sides on 7th Jan. 2013, while the shareholders’ agreement was signed on 24th March, 2013, for the construction and operation of the steel complex. Algeria (represented by Sider Co. & National Investment Fund) will hold 51% stake, while Qatar Steel International will hold the remaining 49% (represented by Qatar Steel 24,5%, and Qatar Mining 24,5%). Read more…