Algeria, Italian Firm Sign $455 Million Deal for Farming Project
A wheat harvest in Bouira Province, Algeria.
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Algeria and Italian firm Bonifiche Ferraresi SpA made a €420 million ($455 million) deal to develop an agricultural project, as the North African nation looks to boost food security.
Under the plan, due to begin this year and announced Saturday at a signing ceremony in Algiers, 36,000 hectares in the south-central Algerian state of Timimoune will be allocated for the production of wheat, beans and other produce.