Germany reportedly 'approves Algeria tank factory' contract

By AFP - Aug 24,2014 - Last updated at Aug 24,2014

FRANKFURT — German Economy Minister Sigmar Gabriel has given the go-ahead for defence technology company Rheinmetall to build an amoured vehicle factory in Algeria, the weekly Der Spiegel reported on Sunday. The 28-million-euro ($37 million) contract covers an assembly line for Fuchs armoured personnel carriers and their parts, the magazine said, quoting the economy ministry. The plant is to be built around 400 kilometres east of Algier, the report stated. The contract dates back to a visit to Algeria by Chancellor Angela Merkel in 2008 and had already been largely approved by her previous administration, it added.

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