Algerian-Turkish textile complex, DZD 155bn of investment, 25,000 jobs to be generated

GMT 01:45 2014 Wednesday ,19 November

Arab Today, arab today Algerian-Turkish textile complex, DZD 155bn of investment, 25,000 jobs to be generated

Algerian-Turkish textile complex
Algiers - APS

The project to build a big industrial centre of textiles TAYAL, the result of an Algerian-Turkish partnership, will cost DZD155 billion and generate about 25,000 jobs, CEO of State-owned Group Confection et Habillement (CH) Ahmed Benayad told APS.
Created in December 2013, under the appellation "l'Algérienne du sport's wear" (TAYAL), this Algerian-Turkish joint venture, 51% of which is held by the Algerian side through CH group (30%) and the Algerian public company of textiles TEXALG (21%) while 49% is held by the Turkish company Intertay, a subsidiary of the Turkish group TAYPA.
The future complex will be built on the site of the new industrial park of Sidi Khettab (Relizane) over an area of 250 hectares.
In a first stage, eight integrated plants, specialized in the manufacturing of denim fabric, netting and other types of fabrics as well as the making of shirts and jeans, will be implemented over an area of 100 hectares.
This first stage, which will spread over a period of 36 months, will see the construction of a business centre, a big training school, houses for the staff, showrooms and spaces for leisure.
After this first stage of the project, about ten other plants, specialized in the production of household linen, clothing accessories and non-woven fabric, will be constructed in a second stage of the project on the 150 remaining hectares remaining of the intended area.

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