Signing of the Algerian-Qatari project “Baladna” for milk production – New Algeria

The Minister of Agriculture and Rural Development, Mr. Youssef Sharfa, andMinister of FinanceOn Wednesday, Mr. Laziz Fayed, in the presence of the Ambassador of the State of Qatar to Algeria, Mr. Abdel Aziz Ali Nehme, and the Chairman of the Board of Directors of the Qatari “Baladna” Company, Mr. Mohamed Moataz Al-Khayyat, signed the Algerian-Qatari project agreement for milk production, with Qatari company “Baladna” It is scheduled to be held in the state of Adrar, and this is at the headquarters of the Ministry of Agriculture.

And you throw Convention To create an agricultural system, to increase productivity the milk dried in Algeria, and reducing the value of imports of the same product, as it will save 50% of the same material, as well as creating job opportunities for Algerian youth (5,000 positions), in addition to providing red meat in the Algerian market.

The value of the agreement was estimated at $3.5 billion, and it is a project equipped with the latest technologies, with control over all stages of production, including fodder cultivation, cow breeding, and the production of milk and its derivatives.

According to Law 18-22 related to investment, the draft of this agreement has received real estate and financial support, in addition to accompaniment, and everything that falls within the framework of supporting and promoting investment.

The project falls within the framework of the state’s policy regarding food security, especially given the importance of this consumer item in particular. Algeria’s annual needs for milk are estimated at 4 billion litres.