Baladna plans $3.5B mega-dairy in Algeria: world’s largest
Qatar’s Baladna food group is launching a massive dairy project in Algeria, investing US$3.5 billion to build what it calls the world’s largest dairy complex. The initiative will be built on a 117,000-hectare farm in the Adrar region, housing 270,000 cows and producing 200,000 tonnes of powdered milk annually. Construction is slated to begin in…
Qatar’s Baladna buys more shares in Egyptian dairy peer Juhayna
Baladna, the Qatar-based dairy group, has acquired another tranche of shares in Egypt’s Juhayna Food Industries. In almost two years, Baladna has built a shareholding in Juhayna of more than 15%. Its latest purchase – of 600,000 shares on 26 June – took its stake from 10% to 15.03%. The shares cost E£7.4m ($239,000). In…