$300 million farming deal struck between Algerian firm and U.S. group
Under the deal, privately-owned Algerian dairy company, Tifralait, and the American International Agriculture Group (AIAG) will set up a joint venture to develop projects over an area of 25,000 hectares covering potatoes, cereals, fertilizers and others the ministry said.
Algeria imports most of its agriculture products because of weak domestic output, but has promised to develop the farming sector as part of efforts to diversify the economy away from oil.
The farming projects, planned for the southern province of Adrar, are aimed at producing 22,000 tonnes of cereal, 105,000 tonnes of cattle feed, 190 million liters of milk and 20,000 tonnes of red meat per year.
source: uk.reuters.com
