Investment in Algeria: Tosyali Holding to Inject $2.5 Billion
Our neighbor is attracting more and more investments. The Turkish steel group, Tosyali Holding, plans to invest $2.5 billion in Algeria to build a new industrial complex, mainly for the automotive and hydrocarbon industries.
Announcement and Project Details
The announcement was made by Fuat Tosyalı, president of the group, during the Tube & Wire Fair held in Düsseldorf, Germany, from April 13 to 17, 2026. This project is part of the group's expansion strategy in Algeria, where it already has a significant steel site in Bethioua, near Oran. The future complex is expected to produce around 1.6 million tons of steel, with nearly 700,000 tons dedicated to the automotive industry. The first deliveries are expected as early as the third quarter of 2026.
Objectives and Local Development
The objective is to support the development of the local automotive industry, as authorities impose a progressive integration rate that can reach 30% after five years. The project also aims to supply the energy sector, particularly by providing tubes used in the oil and gas industries. To achieve this, the group plans to rely on local resources, especially the Gara Djebilet deposit in southwestern Algeria, whose reserves are estimated to be around 3.5 billion tons.
Partnership and Integration
In parallel, Tosyali launched the construction of a iron ore processing unit in partnership with SONAREM in February 2026. This integration between extraction and transformation aims to reduce dependence on imports and strengthen local production. Already present in Algeria since 2013, the group operates a steel complex with a capacity of around 6.5 million tons per year. Part of this production is exported to Africa and Europe, confirming the country's position as a regional player in the steel industry.
