Baladna Expands Influence with New Dairy Production Projects
Baladna's Strategic Partnership in Dairy Production
In a major move aimed at strengthening ties between Qatar and Algeria, Baladna Trading and Investment W.L.L., a subsidiary of Baladna Q.P.S.C., has proudly entered into a significant agreement with the Algerian National Investment Fund. This partnership represents a fascinating step forward in agriculture and industry within the region, ensuring a robust supply chain for dairy products.
To Establish Large-Scale Dairy Operations
The agreement initiates the establishment of a comprehensive dairy and milk powder production project located in southern Algeria. Set to become one of the largest agricultural endeavors in the area, this project addresses the increasing demand for dairy products and aims to bolster the country's food security.
Exploring Infant Milk Production
In addition to the primary dairy venture, Baladna has signed a cooperation agreement with Algeria’s Ministry of Industry and Pharmaceutical Production. This initiative seeks to assess the feasibility of producing infant milk domestically, in partnership with the Algerian National Investment Fund, further enhancing the dairy product offerings available in Algeria.
Key Attendees at the Signing Ceremony
The signing event was an illustrious gathering of key leaders including Mr. Moutaz Mohamad Raslan Al-Khayyat, Chairman of Baladna Q.P.S.C., alongside notable Algerian representatives such as Minister of Finance, Mr. Laaziz Fayed, and Minister of Agriculture, Mr. Youcef Chorfa. Their participation signifies the importance of this collaboration and its expected impact on both economies.
Ownership and Project Structure
According to the terms outlined in this agreement, Baladna will own a majority stake of 51%, while the Algerian National Investment Fund will hold the remaining 49%. This structure is designed to ensure a mutually beneficial partnership that leverages both entities' strengths.
Focus on Domestic Production
One of the key objectives of the infant milk initiative is to reduce Algeria’s dependency on imported milk powder. Annually, domestic needs fluctuate between 25,000 to 30,000 tons. The Memorandum of Understanding (MoU) aims to conduct an extensive feasibility study to evaluate all aspects, including technical, commercial, and financial viability of the project.
A Milestone for Baladna
This partnership is a remarkable milestone for Baladna as it delves into new markets while supporting Algeria's food security objectives. Both nations are committed to sustainable economic progress, and these projects are a testament to this collaborative spirit.
Aligning with Economic Goals
By investing in local production, both Baladna and Algeria aim to stimulate local economies, support job creation, and ensure that the region has access to high-quality dairy products. This collaborative venture not only fulfills immediate market demands but also aligns with long-term growth strategies for both parties.
Frequently Asked Questions
What is the primary aim of the agreement between Baladna and Algeria?
The agreement focuses on establishing a dairy and milk powder production facility to meet growing demand and enhance food security.
Who are the key figures involved in this partnership?
Important figures include Mr. Moutaz Mohamad Raslan Al-Khayyat and various Algerian ministers overseeing finance, agriculture, and industry.
How will the infant milk production project impact Algeria?
The project will reduce Algeria’s reliance on imported milk powder and aim to meet local demand more effectively.
What is the ownership structure of the new dairy venture?
Baladna will hold a 51% stake while the Algerian National Investment Fund will maintain 49% ownership of the company.
Why is this partnership significant for Baladna?
This partnership marks Baladna's expansion into new markets and supports Algeria's ambition for sustainable food production and economic growth.
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