The Algerian group Electronics will launch soon in Sudan, the prospect of an internalization of its activities. An investment that should be extended to other African countries, especially those of Central Africa. This Algerian private company specializing in the design of household products, has signed for that purpose a memorandum of understanding with the Sudanese group assembly and distribution of automobiles Giad. This agreement, signed in Algiers in early December, the plans, including the export of refrigerators and air conditioners Condor will be followed by the creation of a joint venture for the design of these products in Sudan.
The CEO of Condor Electronics, Abderrahmane Benhamadi, said that his company would start exporting initially "equivalent volumes from 200 to 300,000 euro ($ 374,939)." Then for the export volume in 2015, the group will set the amount of its investment in Sudan. According Benhamadi, choosing the first investment of Sudan Condor International is a choice of "opportunity." He said that his group had been approached by "the Sudanese authorities through economic mission of the Sudanese Embassy in Algiers", which then invited to Khartoum.
After Sudan, the Algerian industrial group plans to expand its investments in the neighboring countries of Sudan, including those of the Economic and Monetary Community of Central Africa (CEMAC), a market of 500 million consumers. Note that the group already exports its products to Jordan and Tunisia. Condor Electronics is a subsidiary of the family group Benhamadi who is also active in the construction, real estate and agribusiness. In 2013, the group achieved a turnover of about 580 million.