In March 2011 two German defense companies, Rheinmetall and Ferrostaal, joined with the Algerian government-sponsored defense-related automotive development agency EDIV to form Rheinmetall Algeria.

The new company was based in Ain Smara near Constantine, Algeria.

EDIV has an ownership stake of 51% of the shares, the Emirati investment fund Aabar controls 24.5%, Ferrostaal 19.5%, and technological partner Rheinmetall 5%.

[2] The company's goal was to build a production facility for the manufacture of Fuchs armored transport vehicles, with a production goal of 1200 vehicles within ten years.

[3] Some key components are imported from Germany.