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HomeEconomyAlgeria Entrusts Italian Company with $420 Million Cereal Project

Algeria Entrusts Italian Company with $420 Million Cereal Project

On Thursday, February 27, 2025, Algeria awarded a concession contract to the Italian company “Bonifici Ferrarisi” for a $420 million integrated project aimed at producing cereals, legumes, and pasta. This initiative is part of the countryโ€™s national plan to boost local cereal production.

According to Algeriaโ€™s official news agency (APS), the project is expected to create over 6,700 job opportunities and contribute to increasing non-hydrocarbon exports.

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Spanning 36,000 hectares in the Timimoun provinceโ€”located between the Grand Erg Occidental and the Tademaรฏt Plateauโ€”the project will focus on growing wheat, lentils, dry beans, and chickpeas, as reported by Reuters.

Algeria, one of North Africaโ€™s largest wheat importers, aims to achieve self-sufficiency in durum wheat through this ambitious endeavor.

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