Abderrahmane Benhamadi, one of Algeria’s richest, to build Africa’s biggest AC plant

Billionaires.Africa

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Abderrahmane Benhamadi, one of Algeria’s richest, to build Africa’s biggest AC plant

Key PointsAlgerian tycoon Abderrahmane Benhamadi partners with Hisense to invest $200 million in a major air conditioner factory, set to produce two million units annually.About 80% of air conditioners from the new Algerian plant will be exported, leveraging free trade agreements to cut manufacturing costs.Benhamadi’s new air conditioner plant aims to cut reliance on imports and rival Egypt’s Raya Electric, which partners with LG for AC manufact…