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Algeria and Italy signed a €420 million agreement in the agricultural sector

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Συμφωνλα €420 εκ .σοναοουπγαψν λγερλα καιαλλα /></p>
<p>Algeria and Italy signed a 420 million euro ($455 million) deal on Saturday for an agricultural project in the African country, the Algerian Ministry of Agriculture said in a statement.</p>
<p>The project, which Italian officials have described as their country's largest agricultural investment in the southern Mediterranean, covers 36,000 hectares (89,000 acres) in Algeria's Timimoune province.</p>
<p>The project will produce wheat, lentils and beans, among other foodstuffs, in hopes of increasing Algeria's exports beyond hydrocarbons, officials said at the deal ceremony. Also, the project is expected to create 6,700 jobs, they said.</p>
<p>The deal came months after Algeria signed a $3.5 billion deal with Qatar's biggest dairy producer, Baladna, to set up a massive cattle feed plant to produce milk powder.</p>
<p>The deal with Italy was part of Algeria's strategy to expand production areas in the desert south to 500,000 hectares, Algerian officials said.</p>
<p>The project is also in line with the goals of Italian Prime Minister Giorgia Meloni's “Mattei Plan”, which aims, in part, to reduce irregular migration from Africa through investments in the continent.</p>
<p>Under the program, Italy has also signed agreements with other African countries, including Tunisia and Libya. </p>
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Source: www.kathimerini.com.cy

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