Algeria-Saudi Arabia Investment Project Is Launched In Ghardaia

An investment project in the agricultural sector was launched in partnership between Algeria and Saudi Arabia in Al Meniaa region, under the supervision of the authorities of Ghardaia province and the Saudi Prince Meshaal bin Saud bin Abdul Aziz, where the project was named “Brotherhood Farm”.

Algerian investor, Bounaama Abdelkrim, partner with the Saudi prince, told Echorouk that the project comes within the framework of the contracts of agricultural concession, which is located on an area of 50.000 hectares, which can be expanded, and that aimed at producing animal feed, solid grains such as wheat, and citrus fruits such as orange.

For his part, a local official explained that this project will revive the national and local economy, especially as it will employ about 30 permanent positions, and about 150 non-permanent jobs, so that the labor will be local, in addition to providing the agricultural crop in considerable quantities, and this included in the Government’s policy to encourage investors, especially foreigners, in order to be able to export agricultural products abroad.

The Saudi Prince Mishaal bin Saud bin Abdul Aziz said that the project is his first investment in Algeria.

This investment needs to be supported by the local authorities in order to complete the agricultural tracks, due to the distance from the national road number one by 30 km, and from the city of Menia about 25 km, especially that the region is witnessing several agricultural investments for about 700 investors, and the need to provide rural electricity which will allow for a higher production rate as well.

Al Meniaa region is noticing a qualitative leap in attracting various agricultural and industrial investments, renewable energies and even tourism, because of its huge capabilities, which help to attract foreign investors in order to provide and develop many products in various fields.