Algiers — The discussions on the car project with the German manufacturer Volkswagen have significantly progressed, said Monday in Algiers Director General of the Algerian-German Chamber of Commerce and Industry (AHN), Marko Ackermann.
"Negotiations are under way. They are 60 to 80% complete. There are still few points to be finalized," said Ackermann on the sidelines of the meeting held by the Forum of Algerian Business Managers (FCE) in collaboration with AHN on "the role of training and exports for companies."
In March, Sovac group and the German Volkswagen started examining partnership project for the manufacturing of cars in Algeria.
Ackermann underlined Algeria's willingness to launch engineering industry projects, especially for local production of car spare parts.
In this regard, he said "we are here to support them. We are interested in some projects like the production of spare parts. We are here to find potential partners."