Algerian billionaire Abderrahmane Benhamadi's Condor signs German pipe manufacturing deal in Berlin
Abderrahmane Benhamadi's Condor agreed with Germany's Maincor to make pipes in Algeria, among more than 30 deals signed in Berlin.
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Abderrahmane Benhamadi's Condor agreed with Germany's Maincor to make pipes in Algeria, among more than 30 deals signed in Berlin.
Condor, the flagship of Algerian billionaire Abderrahmane Benhamadi's family group, is expanding exports across Africa and into Europe as demand for its air conditioners climbs.
Abderrahmane Benhamadi's Condor Electronics has signed export agreements to supply Algerian-made electronics and home appliances to Rwanda and Tanzania under the AfCFTA framework.
Abderrahmane Benhamadi named his company after a Simon and Garfunkel song. That company is now Algeria's largest private corporation, with over $1 billion in annual revenue.
Algerian Condor Group launches in Egypt, setting up local production of TVs, appliances, and air conditioners.
Algerian tycoon Abderrahmane Benhamadi’s Condor secures $80 million trade deals across Africa, boosting exports and market presence.
The facility, set to be built in Bordj Bou Arreridj, about 240 km east of Algiers, will require a $200 million investment.
This move is part of Castel’s broader strategy to expand its presence across Africa, having already established itself in North, West, and Central Africa.
The sale is a strategic move to refocus the company on its core operations.