Algeria Partners With Italian Firm for Major Agricultural Project
Algeria signed a framework agreement with the Italian company Bonifiche Ferraresi on Saturday to develop an integrated grain, legume, and pasta production project in Timimoun, located in southern Algeria. The announcement was made through Algeria’s official APS news agency.
Algerian Agriculture and Rural Development Minister Youcef Chorfa highlighted that the project, valued at 420 million euros ($455 million), supports Algeria’s goal of enhancing food security as part of its national plan to develop key sectors like grains, legumes, sugar and oil plants, seeds, and milk.
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Chorfa noted that this initiative was the second significant agricultural and industrial project undertaken in Algeria recently. The first was an agreement signed in April with Qatar’s Baladna company to establish a dairy farm and powdered milk production facility in Adrar province.
The minister added that these projects reflect the government’s increasing commitment to promoting agricultural investment for both public and private Algerian investors, in collaboration with international partners.
Federico Vecchioni, CEO of Bonifiche Ferraresi, emphasized the strategic importance of the project, noting its international relevance.
The project will span 36,000 hectares and focus on producing wheat, lentils, dried beans, soybeans, and chickpeas. It will also feature pasta manufacturing facilities, storage silos, and other infrastructure, with the potential to create over 6,700 jobs.
