Rebrab: Most important thing is that Algeria will benefit from my investments overseas

Algerian business Magnet, Issad Rebrab, has said that he is now in Brazil, to secure deals for the marketing of “corn” products around the world, where he works on setting up facilities in ports areas of the Amazon, to ensure that the corn produced by Brazilian peasants and meant for export is funneled towards the countries of the world.

Mr Rebrab explained in a publication on his official Facebook page, on Monday, that he is striving to develop the iron and steel industry installations and ports in order to benefit from the growth of agricultural activity and products in Brazil.

He pointed out that the Brazilian corn’s transfer costs prohibitive amounts of money because it is produced in the center of Brazil, where the single ton costs $ 80 dollars, added to the transportation costs of up to $ 150 dollars.

 “Our goal is to propose special production techniques to the Brazilian farmers Brazilians” says Mr Rebrab, adding that he will also propose an exchange in return for corn with what is produced in various Fertilizer linked industries around the world, highlighting by the same token the importance for Algeria to benefit from his profit-yielding investments abroad to ensure national food security.

Taking the floor in the presence of Brazilian officials and businessmen while a local television channel ensured the translation of his speech to the Portuguese, Mr Issad Rebrab, stressed that the main goal is to achieve a potent partnership with “Cevital” which he described as the largest private compound in Algeria, and to get down to business immediately before the beginning of the relevant feasibility studies regarding his future project in Brazil.

He also said that he has visited recently several European countries notably Italy for the purpose of clinching deals on the implementation of a number of fruitful projects with direct positive spin-offs for the Algerian economy.