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The signing of a rider to the convention with Tosyali Algeria Group

Octobre 2nd 2024

Within the framework of supporting and accompanying major investment projects, the Director General of the Agency, Mr. Omar REKKACHE, has received, Wednesday, October 2nd  2024, the Director General of Tosyali Algeria, Mr. Nassuhi IZZET ULU, in  presence of officials from the Agency.

The meeting was an opportunity to present Tosyali’s strategy in Algeria and its goals for the coming years, particularly: increasing its production capacity, expanding its product range, and increasing its export volume.

On this occasion, an amendment rider to the previously signed investment agreement with this company was signed. The rider amends the provisions related to production capacities as well as structuring the financing of the iron and steel factory in Oran, allowing the latter to benefit from advantages that enable it to achieve the set objectives.