15 June 2022

QBA, Algerian Minister of Agriculture Discuss Investment Opportunities

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Algiers, June 15 (QNA) - HE Algerian Minister of Agriculture and Rural Development Mohamed Abdel Hafeez Hani discussed with the Qatari Businessmen Association (QBA) delegation, headed by HE Chairman of QBA Sheikh Faisal bin Qassim Al-Thani, the potential investment opportunities in the agricultural sector.
During the meeting, the two parties discussed the investment opportunities available in Algeria to develop partnership projects between Algerian and Qatari investors At the beginning of the meeting, the Minister reviewed the strategy adopted by the sector aimed at developing agriculture in Algeria, highlighting the incentives provided to national and foreign businessmen to invest in the production and transformation of products of wide consumption such as milk, cereals, fodder, dry legumes, and industrial crops, especially sugar and oil.
The Minister also stressed that Algeria has sufficient stocks of grain until the end of the current year. It will not be affected by changes taking place at the global level.
The Minister also indicated that the grain and dairy sectors are a priority for the government. The state is making great efforts to raise the production capacities of grain nationally, pointing out that the ministry's objectives are based on the development of agriculture in the desert states that have great capabilities, especially in strategic agricultural products.
Also, he revealed the existence of a study to strengthen the Algerian-Qatari partnership in the field of dairy, which would contribute to helping his country achieve self-sufficiency, stressing that the Algerian authorities are working to overcome all obstacles to the success of this strategic partnership.
For his part, HE Chairman of QBA said that the bilateral relations between Qatar and Algeria are solid and that there is great interest from the Qatari businessmen to invest in Algeria, whether in tourism, real estate, agriculture, and other productive sectors. QBA Chairman indicated that Algeria has huge potential and is a promising market, especially in its African depth and its proximity to its European surroundings.
He also spoke about his own experience as an investor in Algeria, focusing on the importance of the Algerian market and the great natural and economic potentials of Algeria, in addition to the presence of vast and fertile lands of interest to investors in the agricultural field, stressing the keenness of Qatari businessmen to discuss the cooperation and investment opportunities in both countries to achieve mutual benefit. (QNA)


Economy, Qatar
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