toutes les facilités assurées pour accélérer le lancement du projet
Summary of the Agreement on Agribusiness Project in Timimoun
In a recent announcement, Mourad Adjal, CEO of Sonelgaz, emphasized that the group is proactively ensuring the connection of electricity and gas networks to the Algerian-Italian project focused on producing cereals, legumes, and pasta in Timimoun. This declaration was made following a meeting with a delegation from BF El Djazaïr, a partnership project between the Italian group BF and the Algerian government, represented by the National Investment Fund (FNI). The meeting included key executives from both parties and a representative from the Ministry of Agriculture, Rural Development, and Fisheries.
The meeting served to discuss Sonelgaz’s initiatives to expedite technical studies necessary for the project’s connectivity to the energy networks. Adjal reaffirmed the company’s commitment, as a state tool, to align with the government’s directives to boost agricultural and rural investment. He pledged to provide essential support to BF El Djazaïr to ensure timely project execution, pending the finalization of studies.
BF El Djazaïr’s CEO, Mustapha Houari, expressed gratitude for Sonelgaz’s responsiveness and support for ongoing projects, highlighting the project’s energy requirements. The meeting concluded with the establishment of a joint task force between Sonelgaz and BF El Djazaïr. This team will develop a preliminary roadmap that includes technical solutions and financial estimates, laying the groundwork for contract preparation in coordination with the Ministry of Agriculture.
Work began immediately, focusing on defining the roadmap and implementation stages. The integrated Algerian-Italian project encompasses 36,000 hectares in Timimoun, with an overall investment estimated at $420 million. The initiative aims to bolster national cereal and legume production while diversifying non-hydrocarbon exports. Additionally, the project is projected to create over 6,700 jobs, contributing significantly to local and national economic growth.
Overall, this collaborative effort underscores a commitment to sustainable agricultural development and investment in Algeria’s economic future.
