Algeria Inks $3.5 Billion Deal with Qatar's Baladna for Dairy Expansion
Source: The DairyNews
Algeria has sealed a significant $3.5 billion agreement with Baladna, Qatar's leading dairy producer, aimed at bolstering the nation's dairy industry. The deal, finalized on Wednesday, outlines plans for a sprawling cattle-breeding farm dedicated to powdered milk production, a crucial commodity in Algeria's market.
Expected to yield an impressive 200,000 tonnes of powdered milk annually, the initiative aims to address up to 50% of Algeria's domestic demand for this essential product, as reported.
Spanning across 170,000 hectares in Algeria's Adrar province, the project encompasses various facets including a dedicated cattle feed farm, facilities for milk and meat production, and a state-of-the-art powdered milk factory, as outlined by the Algerian agriculture ministry.
The agreement was formally inked in Algiers, with Souad Assous, head of agricultural and land investments at the Algerian agriculture ministry, and Baladna chairman Mohamad Moutaz Al-Khayyat, officiating the deal.
Algeria, home to nearly 45 million people, has grappled with recurring milk shortages and has heavily relied on imports to meet its powdered milk and other food product needs. Import figures for powdered milk in 2021 alone amounted to nearly US$600 million, as per data from the National Interprofessional Milk Office.
Set to commence operations by 2026, the project holds broader implications beyond addressing milk shortages. It is poised to bolster the nation's red meat supply, while also contributing to the expansion of Algeria's domestic cattle population, as highlighted in the official statement.
Spanning across 170,000 hectares in Algeria's Adrar province, the project encompasses various facets including a dedicated cattle feed farm, facilities for milk and meat production, and a state-of-the-art powdered milk factory, as outlined by the Algerian agriculture ministry.
The agreement was formally inked in Algiers, with Souad Assous, head of agricultural and land investments at the Algerian agriculture ministry, and Baladna chairman Mohamad Moutaz Al-Khayyat, officiating the deal.
Algeria, home to nearly 45 million people, has grappled with recurring milk shortages and has heavily relied on imports to meet its powdered milk and other food product needs. Import figures for powdered milk in 2021 alone amounted to nearly US$600 million, as per data from the National Interprofessional Milk Office.
Set to commence operations by 2026, the project holds broader implications beyond addressing milk shortages. It is poised to bolster the nation's red meat supply, while also contributing to the expansion of Algeria's domestic cattle population, as highlighted in the official statement.
23.09.2024
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