
Hyundai CEO announces start date and vehicles for Algerian plant
Hyundai's CEO, José Muñoz, announced new details about the company's upcoming industrial site in Algeria during the Hyundai Investor Day 2026 in Seoul. The plant, located in Sidi Khettab in the Relizane wilaya, is scheduled to begin production between late 2026 and early 2027. This project, a joint venture between Hyundai and its Omani partner Bahwan Saud, involves an estimated investment of 400 million dollars. The facility aims to produce 50,000 vehicles annually, starting with five distinct models: three passenger cars and two light commercial vehicles. Initially, the plant will produce affordable SUVs and light commercial vehicles, later expanding to include city cars and electric vehicles, with local assembly of the i10 city car already confirmed. The production process will utilize the Completely Knocked Down CKD method, incorporating painting, welding, and assembly lines. Tarek Mossaâd, Hyundai's General Manager for the MENA region, emphasized the importance of the CKD mode from the initial phases. The company is engaging with local equipment suppliers to meet national integration requirements. This initiative is part of Hyundai's global strategy to achieve an annual production volume of 5.5 million vehicles by 2030, with the Middle East and North Africa region identified as a key growth area. Hyundai currently holds an 8.4% market share in the MENA region and plans to increase its regional production capacity to 1.27 million units by the end of the decade. Further det



