Our Bureau
02:43 PM, August 27, 2014
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Germany has approved plans allowing Rheinmetall to deliver an armored vehicle assembly plant to Algeria, Forecast International reported Tuesday.

Rheinmetall's delivery to Algeria includes a production line to assemble the Fuchs armored vehicle, as well as other parts valued at more than $37 million.

The planned factory is to build nearly 1,000 armored vehicles and parts will be exported to the country, where workers will assemble them. It was earlier reported that 980 Fuchs 2 vehicles will be built as part of a $3.6 billion deal.

Algeria has agreed not to sell the vehicles to other countries.

Meanwhile, Rheinmetall is also looking to establish a Development Center in South Africa to develop munitions for various international clients and is currently in talks with a potential launch customer.

The new Rheinmetall Development Center will develop munitions ranging from grenades, mortars and artillery shells to rockets and other munitions.

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