Baladna and Algeria's Fund Partner for Dairy Production Agreement

In a significant move to enhance agricultural collaboration, Baladna Trading and Investment W.L.L., a subsidiary of Baladna Q.P.S.C., signed a shareholder agreement with the Algerian National Investment Fund on September 19, 2024. This agreement aims to establish a large-scale integrated dairy and milk powder production project in southern Algeria, addressing the country's increasing demand for dairy products and contributing to food security. Baladna will hold a 51% stake in the new venture, while the Algerian National Investment Fund will own 49%. Additionally, a cooperation agreement was signed with Algeria's Ministry of Industry and Pharmaceutical Production to explore the feasibility of an infant milk production project. This initiative is designed to reduce Algeria's reliance on imported powdered milk, with domestic demand estimated between 25,000 to 30,000 tons annually. The Memorandum of Understanding (MoU) outlines a comprehensive feasibility study focusing on the technical, commercial, and financial aspects of the project. The signing ceremony was attended by key figures, including Baladna's Chairman and various Algerian ministers, highlighting the importance of this collaboration. The integrated dairy project is expected to become one of the largest agricultural ventures in the region, reflecting both nations' commitment to sustainable economic growth. This partnership marks a significant milestone for Baladna as it expands into new markets while supporting Algeria's food security goals, ultimately fostering stronger ties between Qatar and Algeria in the agriculture and industry sectors.