What's Happening?
Rolls-Royce has secured a £370 million contract to supply and maintain jet engines for Air Algerie, Algeria's national airline. The engines will be built in Derby, supporting skilled engineering roles
at the company, which employs around 14,500 people in the city. East Midlands Mayor Claire Ward hailed the deal as a vote of confidence in the region's engineering expertise. Prime Minister Keir Starmer announced the agreement ahead of the G20 Summit in South Africa, emphasizing the UK's export success as a driver for economic growth.
Why It's Important?
This deal is crucial for the East Midlands economy, as it secures jobs and supports the local engineering sector. It reflects international confidence in British engineering, potentially leading to more investment and opportunities in the region. The agreement also underscores the importance of export-driven growth for the UK economy, highlighting the role of skilled workers in maintaining the country's global competitiveness in engineering and manufacturing.
