Prime Minister Saifi Ghrib inaugurated a rebar production plant in M’Sila on Tuesday, as part of a working and inspection visit to the province, commissioned by President Abdelmadjid Tebboune.
In his first stop, the Prime Minister inaugurated the rebar production unit belonging to the public company FONDALE, a subsidiary of the National Steel Industry Holding (SNS) in M’Sila.
This industrial project, located in Draa El Hadja in the municipality of M’Sila, is a recovered asset under the national operation to reclaim state-owned properties and assets. It was officially transferred to the Public Algerian Foundries Company (FONDALE) on August 10, 2024.
The plant specializes in steel and iron production, covering a total area of 23.9 hectares, with an investment of around 226 million Algerian dinars. It is expected to create approximately 450 direct jobs, achieve an annual production capacity of 650,000 tons, and generate an added value of 5.7 billion dinars to the national GDP.
Following the inauguration, the Prime Minister inspected the plant’s overall condition after maintenance work and toured various production lines, issuing instructions to ensure the facility assumes its rightful industrial role.
Before the inauguration, Ghrib attended a presentation on the public economic enterprise FONDALE, which manages the rebar production plant.
The company’s main activity is the production and marketing of cast-iron and steel molded parts, and it has been reinforced with new units through the recovery of misappropriated assets — including the newly inaugurated rebar production unit.
In his remarks, Zine El Abidine Ouiss, General Manager of FONDALE, stated that this initiative aligns with President Abdelmadjid Tebboune’s program aimed at strengthening the national economy, making it “a new building block in the structure of Algeria’s industrial sector.”
According to official statements, the Prime Minister will also inaugurate the Euro Trophy Parts plant in the Maqqara municipality.
In his third stop, Saifi Ghrib is expected to visit areas affected by recent floods in the province.
The Prime Minister is accompanied by Minister of Interior, Local Authorities and Transport Said Saayoud, and Minister of Industry Yahia Bachir.
