Baladna signs initial contracts worth over USD 500 million for the first phase of its integrated agri-industrial project in Algeria, with Algerian and international suppliers and consultants
The Peninsula
Algiers: The Algerian capital today witnessed the signing of initial contracts valued at over USD 500 million between Baladna Algeria and a group of A...
Algiers: The Algerian capital today witnessed the signing of initial contracts valued at over USD 500 million between Baladna Algeria and a group of Algerian and international suppliers and consultants.
The contracts are part of the first phase of Baladna’s integrated agri-industrial project for powdered milk production in Algeria, which represents a total investment of USD 3.5 billion.
These agreements mark the official start of this strategic investment, aimed at enhancing food security and reducing reliance on imports—contributing positively to the national economy.
Baladna Algeria is a joint-stock Algerian company established through a partnership between Baladna Q.P.S.C. and Algeria’s National Investment Fund.
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