Baladna announced that its Algerian subsidiary has signed an initial package of contracts worth over $500 million for the implementation of Phase One of its integrated powdered milk production project in Algeria, which has a total planned investment of $3.5 billion.

These contracts mark the official launch of this strategic investment, which aims to enhance food security and reduce Algeria’s reliance on imports—supporting the country’s national economy.

The signing ceremony was attended by key Algerian government officials, including ministers and representatives from various ministries and institutions, alongside the Ambassadors of Qatar, Algeria, and the United States.

From Baladna’s side, Chairman Mohamed Moataz Al-Khayyat, board members, and executives participated, along with representatives from the partnering companies.

The signed contracts include major global and local firms, such as Germany’s GEA (specialized in dairy production technology), the U.S.-based Valmont (irrigation systems), UCC (UrbaCon Trading & Contracting), and EHAF Engineering Consultancy. Notable Algerian partners include Condor-Travocovia, RedMed, and EFORHYD.

The "Baladna Algeria" project is considered one of the largest powdered milk initiatives globally and the first of its kind in Algeria. It spans 117,000 hectares through a partnership between Baladna and Algeria’s National Investment Fund.

Once operational, the project is expected to locally produce 50% of Algeria’s powdered milk needs, supply the domestic market with red meat, and generate around 5,000 local job opportunities.

According to recent financial data, Baladna's Q1 2025 net profit grew by 20.69%, reaching QAR 58.23 million, up from QAR 48.25 million in the same period last year.