ALGIERS – Monday, 16 October 2023 (APS) – The 8th edition of the International Industrial Subcontracting Show (ALGEST) opened on Monday in Algiers, with the participation of 100 exhibitors representing various sectors of activity, including manufacturing, mechanics, electricity, electronics, metallurgy, as well as industry-related services.
Organized by the Algerian Subcontracting and Partnership Exchange (BSTP), in partnership with the World Trade Center-Algiers (WTCA), this 8th edition is held under the patronage of the Minister of Industry and Pharmaceutical Production.
The 8th edition was kicked off by Salah Bousbia, Director General of Investment Promotion at the Ministry of Industry and Pharmaceutical Production, and Kamel Moula, President of the Algerian Economic Revival Council (CREA).
In a speech read on his behalf by Bousbia, Aoun stressed that this event “is an opportunity for economic operators and those interested in subcontracting to meet with producers and principals, to establish a fruitful partnership likely to develop subcontracting in Algeria.”
This economic event is part of the Government’s drive to achieve several strategic objectives. The latter aims to bring together all the conditions favourable to the development, sustainability and competitiveness of the company, said Moula.
The industrial sector is a promising area for achieving the objectives of the Government’s strategy, namely the development of priority value-added industrial sectors, the prioritization of technological transition, the development of innovation and the knowledge economy, the creation of permanent jobs, the promotion of human resources and the improvement of the competitiveness and export capacity of the national economy.
For his part, Moula emphasized that the show “reflects the quality of the national product, the mechanical industry in particular”, pointing out that several importers had transformed themselves into local producers, moving from the status of importer to industrialist. This transformation, he said, is likely to encourage the diversification of domestic production.
In this regard, he called on the major companies that still import these products to seek out companies with the necessary industrial and technological capacity to cover their needs locally, rather than resorting to imports.