UAE's Aabar to make cars in Algeria

Image by kevin (iapetus) via Flickr

United Arab Emirates' Aabar Investments, which bought a stake in German carmaker Daimler earlier this year, has signed a deal with the Algerian government and five German companies, including MAN Ferrostaal and Daimler, to manufacture up to 10,000 cars and trucks per year in Algeria.

Aabar, which is controlled by the Abu Dhabi government, and MAN Ferrostaal will set up a network of vehicle and engine manufacturing plants across Algeria, with assembly expected to start in 2010.

"The products which have been identified for potential manufacturing include Sprinter, Unimog, G-Type and other four wheel drive vehicles and engines," the company said in an e-mailed statement on Monday.

Related articles by Zemanta

• Aabar Investment's takes 32 percent stake in Virgin Galactic, we're still not cool enough to go to space (engadget.com)