Home / Business and Economy / Algeria Launches Key China-Backed Rail for Iron Ore
Algeria Launches Key China-Backed Rail for Iron Ore
2 Feb
Summary
- A 950-kilometer railway has been inaugurated, connecting to iron ore deposits.
- This infrastructure project is a collaboration between Algeria and China.
- The railway aims to diversify Algeria's economy beyond oil and gas.
Algerian President Abdelmadjid Tebboune officially inaugurated a 950-kilometer (590-mile) railway, marking a significant step in the nation's economic diversification strategy. This ambitious project, developed in collaboration with China, is designed to exploit the rich iron-ore deposits found in the western desert.
The newly operational railway provides the crucial link for the first ore shipments from the Gara Djebilet mine. This significant site, located near the Moroccan border, has been a subject of development plans for decades. The broader project involves key players such as Feraal, a subsidiary of Algeria's state miner Sonarem, and China's Sinosteel, highlighting the international cooperation involved.
