Chairman of the Board of Directors of Qatar Steel International and a member of the Board of Directors of the Algerian-Qatari Steel Company Khaled Ahmed al-Obaidli confirmed that the company's factory in Algeria will remain a witness to the depth of relations between Qatar and Algeria, and the two countries keenness to push it towards broader horizons.
In a speech during the opening ceremony of the Algerian-Qatari Steel Company al-Obaidli said it will remain for decades to come, a witness to the depth and solidity of the ties that unite Qatar and Algeria.
He noted that the cooperation taking place today in various fields between the two brotherly countries is a practical translation of the distinguished Qatari-Algerian relations, and praising the unlimited attention and support that this giant project received from the leaderships of the two brotherly countries.
Since the launch of its economic feasibility studies in 2013 to this day, this project has received unlimited support from the rational leaderships of the two countries, which enabled us to celebrate today the opening of one of the largest factories in the Arab world, he said.
Al-Obaidli pointed out this giant project is in line with the Qatar National Vision 2030 to diversify sources of income and investment based on solid economic foundations in non-oil sectors. He said it also represented Algeria's development vision in achieving self-sufficiency and exporting to global markets.
The factory of the Algerian-Qatari Steel Company produces about 2mn tons annually of iron products in its first phase and its production will reach 4mn tons annually in the second phase.
He also pointed out that the number of employees in the factory currently reaches more than 2,400. It is expected that the total number of employees after the completion of the two phases will reach 4,000.
He also pointed out that the factory provides a high-quality environmentally-friendly steel products after the Algerian-Qatari Steel Company was able to obtain international certificates in this field.
For his part, CEO of IMETAL Group Tarik Bouslama, the Algerian partner in the company, said the new facility was the pride of Qatari-Algerian partnership.
He said the plant has become a national and regional industrial landmark, thanks to producing 2mn tonnes with investments worth $2bn.
He also noted that the plant produced 200,000 tonnes of high-quality steel.
In a speech during the opening ceremony of the Algerian-Qatari Steel Company al-Obaidli said it will remain for decades to come, a witness to the depth and solidity of the ties that unite Qatar and Algeria.
He noted that the cooperation taking place today in various fields between the two brotherly countries is a practical translation of the distinguished Qatari-Algerian relations, and praising the unlimited attention and support that this giant project received from the leaderships of the two brotherly countries.
Since the launch of its economic feasibility studies in 2013 to this day, this project has received unlimited support from the rational leaderships of the two countries, which enabled us to celebrate today the opening of one of the largest factories in the Arab world, he said.
Al-Obaidli pointed out this giant project is in line with the Qatar National Vision 2030 to diversify sources of income and investment based on solid economic foundations in non-oil sectors. He said it also represented Algeria's development vision in achieving self-sufficiency and exporting to global markets.
The factory of the Algerian-Qatari Steel Company produces about 2mn tons annually of iron products in its first phase and its production will reach 4mn tons annually in the second phase.
He also pointed out that the number of employees in the factory currently reaches more than 2,400. It is expected that the total number of employees after the completion of the two phases will reach 4,000.
He also pointed out that the factory provides a high-quality environmentally-friendly steel products after the Algerian-Qatari Steel Company was able to obtain international certificates in this field.
For his part, CEO of IMETAL Group Tarik Bouslama, the Algerian partner in the company, said the new facility was the pride of Qatari-Algerian partnership.
He said the plant has become a national and regional industrial landmark, thanks to producing 2mn tonnes with investments worth $2bn.
He also noted that the plant produced 200,000 tonnes of high-quality steel.