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March 3, 2025 | 9 months ago

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Framework agreements signed between SIH and 6 industrial groups

On Sunday in Algiers, framework agreements were signed between the Société d’Investissement Hôtelière (SIH) (Hotel Investment Company) and 6 industrial groups under the authority of the Ministry of Industry.

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The Ministry of Industry has signed several framework agreements aimed at strengthening partnerships between industrial sectors and developing national supply chains. Chaired by Minister Sifi Ghrieb, industrial holding companies including Agrodiv, GETEX, ACS, AGM-Holding, Divindus and ELEC EL-Djazaïr attended the signing ceremony.

 

These agreements aim to supply SIH hotels with locally manufactured industrial products, including foodstuffs, textiles, paints, furniture, household appliances and water pumps, thus guaranteeing modern hotel services in line with current standards.

 

The Minister insisted on improving the quality of national products and innovation to ensure their competitiveness in the hotel sector. He also called for regular monitoring of the implementation of the agreements and an extension of the partnership to other sectors, to reduce dependence on imports and strengthen industrial complementarity.

 

These agreements illustrate the Ministry's commitment to supporting national companies and fostering synergies between different economic sectors, thereby contributing to sustainable development and the creation of added value in national industry, particularly in the booming hotel sector.

March 3, 2025 | algeria-logo

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