Qatari Company Baldana Partners with Algerian Government for Milk Production
According to a source familiar with the matter, Qatari food company Baldana is finalizing an agreement with the Algerian government to establish a farm dedicated to producing milk and plant producing powdered milk in Algeria. The initiative is part of Algeria's push for self-sufficiency in milk production.
Baldana, a prominent player in Qatar's agricultural sector and renowned for its milk and dairy production, plans to inaugurate a sprawling farm spanning 100,000 hectares.
Algerian President Abdelmadjid Tebboune confirmed the impending agreement, revealing that the farm will be situated in Adrar, southwestern Algeria.
In a strategic move last July, Baladna increased its stake in Egypt's Juhayna Food Industries, a leading producer and marketer of dairy and juice products. The acquisition follows an initial investment in May 2022, where Baladna acquired a 10.1% stake in Juhayna Food Industries for QAR 2.5 million.
Algerian President Abdelmadjid Tebboune confirmed the impending agreement, revealing that the farm will be situated in Adrar, southwestern Algeria.
Baladna, Qatar's largest milk and dairy producer, gained international prominence following the 2017 Gulf Cooperation Council (GCC) crisis, which redirected the country's production focus. Since debuting on the Qatar Stock Exchange in October 2019, Baladna has experienced robust growth, expanding its brand presence locally and globally. The company boasts one of the region's largest cattle farms, spanning 2.6 million square meters.
In a strategic move last July, Baladna increased its stake in Egypt's Juhayna Food Industries, a leading producer and marketer of dairy and juice products. The acquisition follows an initial investment in May 2022, where Baladna acquired a 10.1% stake in Juhayna Food Industries for QAR 2.5 million.
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