Key Development in Qatar-Algeria Relations
In a significant move to strengthen ties between Qatar and Algeria in the agriculture and industrial sectors, Baladna Trading and Investment W.L.L., a subsidiary of Baladna Q.P.S.C., has formalised a shareholder agreement with the Algerian National Investment Fund. This agreement, signed on September 19, 2024, marks the initiation of a comprehensive dairy and milk powder production project in southern Algeria, anticipated to become one of the largest agricultural enterprises in the region.
Collaboration for Infant Milk Production
The event, which underscored the importance of collaboration between the two nations, also saw Baladna entering a cooperation agreement with Algeria’s Ministry of Industry and Pharmaceutical Production. This initiative will assess the feasibility of developing an infant milk production project, further enhancing the scope of the dairy sector in Algeria. This infant milk initiative will be developed alongside the milk powder production project and aims to meet the growing demand for dairy products in the country.
Signing Ceremony Highlights
The signing ceremony brought together key figures from both nations, including Mr. Moutaz Mohamad Raslan Al-Khayyat, Chairman of Baladna Q.P.S.C., and several prominent Algerian officials such as Minister of Finance Mr. Laaziz Fayed, Minister of Agriculture and Rural Development Mr. Youcef Chorfa, and Minister of Industry Mr. Ali Aoun. Also present were Ms. Souad Assous, Director of the Algerian National Investment Fund, and various senior officials, reflecting the collaborative spirit of this initiative.
Project Details and Ownership Structure
The integrated dairy and milk powder production project aims to fulfil the increasing demand for dairy products in Algeria while enhancing the country’s food security framework. According to the agreement, Baladna will secure a 51% ownership interest in the project, while the Algerian National Investment Fund will possess the remaining 49%. This joint ownership structure ensures a balanced partnership focused on mutual growth and sustainability.
Feasibility Studies for Infant Milk Project
The shareholder agreement was officially signed by Mr. Kamal Mansouri, General Director of the National Investment Fund, and Mr. Ramez Mohamad Raslan Al-Khayyat, Managing Director of Baladna. Additionally, the Memorandum of Understanding (MoU) regarding the infant milk project was co-signed by Ms. Amal Alam, General Director of Industrial Development at the Ministry of Industry, and Mr. Ramez Al-Khayyat. This partnership underscores both parties’ dedication to improving Algeria’s independence in dairy production.
Addressing Domestic Demand
The infant milk production project is particularly vital, aiming to decrease Algeria’s dependence on imported powdered milk, which currently stands at an annual domestic demand ranging between 25,000 to 30,000 tons. The MoU outlines a thorough feasibility study that will evaluate the project’s viability, taking into account technical, commercial, and financial considerations to ensure its success.
Significance for Baladna and Future Collaborations
This collaboration marks a significant milestone for Baladna as it ventures into new markets while aiding Algeria in achieving its food security objectives. The alignment of these projects with the economic growth objectives of both nations underscores the importance of sustainable development in the agriculture sector. By working together, Qatar and Algeria aim to enhance their agricultural capabilities, paving the way for future collaborations that benefit both economies.
