By MICHIGAN TIMESMAN News & Politics StaffThis story is part of our ongoing coverage of the Algier region in Algeria, the largest oil producer in the region and the region’s largest producer of oil.
A $20 billion investment is part a $6.8 billion plan by the Algerian government to invest $8.5 billion in industrial steel production, creating hundreds of thousands of jobs.
The project will be one of the largest in the country and comes amid a global glut of steel.
The Algiere Steel Development Co., a subsidiary of Algiris Steel, plans to employ more than 2,000 people and produce steel for export, a project that could create more than 800,000 jobs.
Construction is set to begin in the coming months on a $50 million facility at the Al-Shabah Industrial Zone, near the city of Al-Ghanoum, where workers will be using a steel production system that will allow them to cut down the weight of steel to produce lighter, more durable products.
The company said it expects to start exporting the steel to Europe in 2019 and is in the process of buying steel from the U.S. and Europe to supply its European customers.
The steel industry has been the backbone of the Algerian economy for decades, and the country is one of Algerias largest producers of steel, producing more than 70 percent of its total exports.
The industry is also highly dependent on foreign investment, which is expected to grow as the country’s oil wealth increases.
The Algieri Steel Development Center is located in the northern city of Ghaizou, which has been an industrial hub for years, producing steel for the local government and a major industrial center.
The center is also the main location for Algies exports to Europe.
A joint venture between Algiri Steel and the AlGisel company is also looking to invest more in AlGier, according to a statement from Algibre.
Algier, a city of more than 1 million people, is home to Algia Steel, which makes steel products for export to the U: France, Germany, Italy, Japan and Russia.
The company has a plant in the city, which currently produces more than a million tons of steel a year.
Algeria Steel currently employs more than 3,000 workers in the steel industry in the Algerias capital, Algir.
The Algerian government has invested $9.3 billion in the Algarve Steel City, an industrial park with a workforce of about 1,500.