Algiers - Germany's Volkswagen is in talks to invest in Algeria - the second European carmaker to show interest in the North African country, an Algerian minister said on Sunday.
“Volkswagen is very insistent to come. We have had interesting preliminary discussions with this group,” Industry and Investment Promotion Minister Mohamed Benmeradi told a conference in Algiers.
“Volkswagen offers to consider Algeria as its base of support for the African market,” he said without elaborating.
Late last year, Benmeradi was quoted as saying Renault was in talks to build a plant in Algeria with a capacity of 75 000 cars per year from 2012.
Renault operates a car plant in neighbouring Morocco and is building a second production complex there.