March 31, 2026
As part of the pivotal role played by the Algerian Investment Promotion Agency (AAPI) in accompanying strategic projects, the Director General of the Agency, Mr. Omar REKKACHE, chaired a working meeting on Tuesday, March 31, 2026, at the Agency’s headquarters. The meeting was dedicated to reviewing the progress of the iron ore valorization project at the Gara Djebilet mine, one of Algeria’s major structuring projects.
The meeting was attended by the Chairman and CEO of the National Company for Mining Research and Exploration (SONAREM), Mr. Reda BELHADJ, and the Vice President of the Tosyali Algeria Group, Mr. Alp TOPCUOGLU, as well as a representative of the Directorate General of State Property and executives from the Agency, reflecting the high-level importance attached to this project.
Discussions focused on the iron ore valorization project, which is part of an integrated national vision for the development of the iron and steel sector. The project aims to process Gara Djebilet ore and produce concentrated iron using advanced dephosphorization technologies, with an estimated annual production capacity of 4 million tons. This will enable the valorization of national natural resources and their transformation into high value-added industrial output.
This project, implemented by the joint venture FTTF in the Toumiat industrial zone in the wilaya of Bechar, is the result of a strategic partnership between a SONAREM subsidiary, the National Iron and Steel Company (FERAAL), and Tosyali Algeria Group. With an investment exceeding USD 750 million, the project is expected to create at least 760 direct jobs and thousands of indirect jobs, thereby strengthening economic momentum at both local and national levels.
The discussions also addressed the practical aspects of implementing the project in Bechar, as a key component of the integrated Gara Djebilet mining project. This project is expected to serve as a real lever for reviving the national heavy industry, reducing import dependency, enhancing the country’s industrial and mineral security, and supporting the policy of economic diversification.
In this context, Mr. REKKACHE reaffirmed the commitment of the Algerian Investment Promotion Agency to accompany this strategic project throughout all its phases by facilitating access to the necessary permits and enabling it to benefit from all incentives managed by the Agency, particularly the provision of dedicated economic land and tax and parafiscal advantages, thus ensuring the acceleration of the project’s commissioning and consolidating its position as a driving force for industrial and economic development.
