Algeria signs US$3.5b deal with Qatar dairy producer Baladna

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Algiers News

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ALGIERS, April 25 — Algeria signed a 3.5-billion-dollar deal with Qatar’s largest dairy producer Baladna on Wednesday, establishing a vast cattle-breeding farm for powdered...

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With an expected yield of 200,000 tonnes of powdered milk per year, the project would help meet 50 per cent of national demand for the product, according to reports. The deal was signed in Algiers between Souad Assous, head of agricultural and land investments at the Algerian agriculture ministry, and Baladna chairman Mohamad Moutaz Al-Khayyat, the statement added.Algeria, a country of almost 45 million, has seen several milk shortages in recent years and heavily relies on imports for powdered milk and other food products.

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