Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Germany to 'sell Algeria arms factory'

Share this article

Germany to 'sell Algeria arms factory'
A Fuchs armoured vehicle Photo: Rheinmetall/DPA
10:23 CEST+02:00
A German firm hopes to export an entire arms factory to the country’s biggest weapons customer, Algeria, in a deal worth €2.7 billion.

Düsseldorf arms company Rheinmetall will shortly sign a contract to produce 980 Fuchs armoured vehicles in Algeria when the facility has been shipped abroad and reassembled, the Handesblatt newspaper reported on Wednesday, citing sources.

The €2.7-billion deal is part of a huge delivery of arms worth €10 billion to the north African country. According to Handeslblatt, Daimler will be exporting SUVS and trucks to Algeria while Thyssen-Krupp will be delivering warships.

According to an annual government report into German arms deals released in June, Algeria was Germany’s biggest market for weapons in 2013. It bought equipment worth €825.7 million including tank parts, SUVs and trucks.

But this deal will be the first time German firms have gone beyond supplying tanks and weapons to authoritarian regimes and sold an entire factory to produce armoured vehicles. Transparency International ranks Algeria 94th out of 177 countries in its Corruption Perceptions Index.

The factory to build the Fuchs vehicles will be built in Ain Smara in north eastern Algeria, Handelsblatt reported. The country has pledged to not sell the vehicles on to other countries.

SEE ALSO: German weapons exports hit ten-year high

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The Swedish university tackling the challenges of tomorrow

Ranked among the world’s best young universities in the QS Top 50 Under 50, Linköping University (LiU) uses innovative learning techniques that prepare its students to tackle the challenges of tomorrow.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement