Modernisation of Algerian agriculture to help achieve food security
Efforts to raise output and deepen modernisation in Algeria's agriculture sector are gaining traction through a combination of government initiatives and private sector capital.
Foreign investors have inked a range of new deals that should help cut the country’s food import bill in the coming years.
In January the prospect of a joint venture between local dairy firm Tifra Lait and the American International Agriculture Group was floated, with the aim of increasing agriculture output by 22,000 tonnes of cereal, 105 tonnes of cattle feed, 190m litres of milk and 20,000 tonnes of red meat per year.
Various projects being considered under the potential agreement would be located across 25,000 ha of land in the southern wilaya (province) of Adrar at a total cost of around €281.4m.
At the end of February international media also reported that the Ministry of Agriculture, Rural Development and Fisheries was inviting expressions of interest to invest in 28 pilot farms engaged in arable and livestock farming. In accordance with Algerian investment law, winning bidders will hold a minority stake in the farms capped at 49%.
Read the full article via Zawya web site.
[Photo by Larry Koester | Flickr]
