Qatarization PortalIn Algeria the foundation stone was laid for the construction of a steel complex in the industrial area in Bellara of Jijel province, 375 kilometers east of Algeria, the capital.
The ceremony of laying the first stone of the project was held under the auspices of H.E. Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, Prime Minister of Qatar, and his Algerian counterpart, HE Abdelmalek Sellal. High ranking officials from both sides attended the ceremony.
The steel complex will be producing 2.0 Million tons of finished products of Re-bar and wire rod. 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%).
