QBA discusses investment opportunities with Algerian agriculture minister

The Qatar Businessmen’s Association (QBA), led by its President, HE Sheikh Faisal bin Qassim al-Thani, held a meeting with Algerian Minister of Agriculture and Rural Development Mohamed Abdel Hafeez Hani to discuss potential investment opportunities in the agricultural sector.

The meeting, held in Algeria, brought together Qatari Ambassador to Algeria Abdulaziz Ali Ahmed al-Naama and QBA members Sheikh Mohamed bin Faisal al-Thani and Moataz al-Khayyat, as well as Sheikh Nayef bin Eid al-Thani, Rashid al-Mansouri and Tariq al-Sayed, CEO of Al Rayan Group for Tourism and Investment.
During the meeting, which took place in the presence of ministry officials, the two parties discussed the investment opportunities available in Algeria to develop partnership projects between Algerian and Qatari investors.
The Minister reviewed the strategy adopted by the sector aimed at developing agriculture in Algeria, highlighting the incentives granted to national and foreign businessmen to invest in the production and processing of consumer products, such as milk, cereals, fodder, dry legumes, and industrial crops, especially sugar and oilseeds.
Hani pointed out that Algeria has sufficient cereal stocks until the end of the year and will not be affected by the changes taking place at the global level. He said the grain and dairy sectors are a priority for the government.
“The state is making great efforts to increase grain production capacity at the national level. The ministry’s goals are based on the development of agriculture in desert states which have great capabilities, especially in strategic agricultural commodities,” Hani said.
He indicated that there is a shortage in the milk and dairy sector and that a huge project is being considered with the Qatari company Baladna in the near future to ensure self-sufficiency, adding that the State working hard to overcome all obstacles to the success of this project. Strategic project.
Sheikh Faisal said that bilateral relations between Qatar and Algeria are strong and that there is great interest from Qatari businessmen to invest in Algeria, whether in tourism, real estate, agriculture and other productive sectors. He said Algeria has huge potential and is a promising market, especially for its proximity to some European countries.
He also spoke about his own experience as an investor in Algeria and highlighted the importance of the Algerian market and the great natural and economic potential of the country, in addition to the presence of vast and fertile lands of interest for investors. in the agricultural field.
Sheikh Faisal added that Qatari businessmen are keen to discuss cooperation and investment opportunities in the two countries to gain mutual benefits. For his part, al-Naama expressed the willingness of Qatari businessmen to invest in the Algerian agricultural sector and to exchange their expertise with their Algerian counterparts.