Algeria plans to invite bids for farmland

Algeria plans for the first time to invite bids from foreign investors to lease farmland as part of efforts to ease its food imports bill, the head of a state agriculture body said on Thursday.

Mohamed Cherif Ould Hocine, head of the National Chamber of Agriculture, told Reuters in an interview that details of the plan had not been finalised but said majority stake would not be available and bidders will need Algerian partners.

The farmland on offer would be for high yield crops including grains, he said.

Ould Hocine expected a repeat of last year’s record cereal harvest of 6.12 million tonnes, saying that would significantly help reduce imports.

“Our country wants to rationally use its tools with the aim of increasing agricultural production. Algeria is open and it is a liberal country,” he said.

Ould Hocine said it was up to the agriculture ministry to set a date for launching the tender for foreign investors and provide details on how to handle the process…read more

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