Algeria is actively positioning itself as a prime destination for international agricultural investment, showcasing its ambitious vision for the sector by 2030. The country’s commitment to modernizing its agricultural landscape was highlighted at a recent international conference held in Algiers.
Yassine Oualid, Minister of Agriculture and Rural Development, emphasized Algeria’s rising appeal to investors, citing successful projects like the ‘Baladna’ project in Adrar and the ‘Bonifiche Ferraresi’ initiative in Timimoun as examples of large-scale investments, both domestically funded and through foreign partnerships. These projects, he stated, exemplify the dynamic shift occurring in the southern regions of the country.
The international conference, which drew participation from investors, business leaders, agricultural technology companies, experts, and financial institutions, served as a platform to present Algeria’s comprehensive agricultural vision. The event coincided with the fourth edition of the African Conference on Startups, further emphasizing Algeria’s commitment to innovation and economic growth.
Minister Oualid outlined Algeria’s agricultural sector’s significant contribution to the national economy, currently valued at approximately $35 billion, representing 18% of the GDP. The government’s strategy hinges on a $5.8 billion investment plan aimed at modernizing agricultural practices and solidifying Algeria’s position as a leading agricultural force in Africa and the Mediterranean region.
The ‘Baladna’ project in Adrar, spanning 117,000 hectares and focused on dairy and feed production, with an investment of $3.5 billion and a target of 1.7 billion liters of milk annually, was presented as a key example. The Italian ‘Bonifiche Ferraresi’ project in Timimoun, dedicated to grain and legume cultivation and valued at $420 million, was also highlighted as a strategic partnership benefiting both Algeria and Italy.
The Minister underscored the importance of the international conference as a vital platform for showcasing investment opportunities across the agricultural value chain and fostering partnerships between investors. Algeria is actively seeking to attract foreign expertise and capital to further develop its agricultural potential and achieve its ambitious goals for 2030.
