Aabar to build car plants in Algeria

Abu Dhabi investment company Aabar has signed a potential landmark deal with the Algerian government to develop a network of vehicle and engine manufacturing plants in conjunction with five German companies including MAN Ferrostaal and Daimler. Up to 10,000 cars and trucks will be assembled each year as the North African country looks to establish an industrial base. Assembly is expected to start in 2010 following the modernisation or development of plants in Tiaret, Ain Smara and Oued Hamimine. The project will be led by the German truck manufacturer MAN Ferrostaal. Daimler, Deutz, MTU and Rheinmetall will participate as technology partners providing licences and intellectual property. The products, which have been identified for potential manufacturing, include Sprinter, Unimog, G-Type, Fuchs and other four wheel drive vehicles and engines.Air Jordan