(MENAFN- The Peninsula) The Peninsula
Doha: During their visit to Algeria, the Qatari Businessmen Association (QBA) headed by its Chairman Sheikh Faisal bin Qassim Al Thani met with the Algerian Minister of Agriculture and Rural Development H E Mohamed Abdel Hafeez Hani to discuss the potential investment opportunities in the agricultural sector, in the presence of the Ambassador of Qatar to Algeria H E Abdulaziz Ali Ahmed Al Naama.
The meeting was also attended by other QBA members including Sheikh Mohammed bin Faisal Al Thani, Moataz Al Khayyat, Sheikh Nayef bin Eid Al Thani, Rashid Al Mansouri, and Tariq Al Sayed, CEO of Al Rayan Group for Tourism and Investment, as well as officials from the ministry.
During the event, 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, which will not be affected by changes taking place at the global level.
He 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.
He pointed out as well that there is a shortage in the milk and dairy sector, indicating that a huge project is being studied with the Qatari company Baladna in the near future, which will enable a large part of self-sufficiency, indicating that the state is working hard to overcome all obstacles to the success of this strategic project.
Also speaking during the meeting, Sheikh Faisal said that 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. The QBA Chairman also indicated that Algeria has huge potentials and is a promising market, especially in its African depth and its proximity to its European surroundings.
Sheikh Faisal 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 For his part, Ambassador Al Naama expressed the readiness of Qatari businessmen to invest in agriculture in Algeria and to exchange expertise with their Algerian counterparts.
MENAFN16062022000063011010ID1104384235
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.