16 Hrs
Source:
AL24 News
Abounian Holding Plans Investment Expansion in Algeria
Abu Nyan Holding Company of Saudi Arabia intends to expand its investments in Algeria through the establishment of an industrial center for assembly and maintenance services for desalination equipment, aiming to support national projects and achieve sustainability. The company also aspires to establish a branch of the Energy and Water Academy to transfer knowledge and develop capabilities in managing desalination plants. This aligns with the Algerian government's efforts to increase domestic integration and localize vital industries. Algerian Minister Mohamed Arkab welcomed these initiatives, which are expected to contribute to job creation and support strategic partnerships in the seawater desalination sector.
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