American footwear brand Skechers has finalized an agreement to establish a manufacturing facility in Algeria. The plant, signed on June 21st, will have an annual production capacity of two million pairs of shoes. This marks Skechers’ first production unit in Algeria and represents a significant investment in the country’s manufacturing sector. The project is a partnership between Skechers and an Algerian entity, details of which were not immediately available. The new factory is expected to contribute to local job creation and economic growth. Further details regarding the investment amount, estimated at $20 million, and the timeline for completion were not disclosed in the initial report. This development signals increasing foreign investment in Algerian manufacturing.