Aabar Investments PJSC, an Abu Dhabi government-backed investor, said it will work with MAN Ferrostaal AG, Daimler AG and three other German manufacturers to develop vehicle and engine factories in Algeria.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The group plans to assemble as many as 10,000 cars and trucks a year as Algeria builds its industrial base. MAN Ferrostaal will lead the group, which includes Deutz AG, MTU Aero Engines Holding AG and Rheinmetall AG, Aabar said.


Some of the companies will provide licenses and intellectual property to the venture. Assembly is expected to start in 2010 after the completion of plants in Tiaret, Ain Smara and Oued Hamimine.


Aabar bought a 9.1% stake in Daimler in March, making it the the carmaker’s biggest shareholder. Aabar’s largest stakeholder, the Abu Dhabi government-owned International Petroleum Investment Co., owns 70% of MAN Ferrostaal.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.