Baladna, a Qatar-based dairy production company, has entered into a strategic partnership with the Egyptian state-owned authority, the Suez Canal, to advance food security and agricultural self-sufficiency in Egypt. This cooperative agreement, with a total investment volume of up to $1.5 billion, includes the establishment of a substantial cattle farm and a vast agricultural area in the New Valley Governorate. The project, designed to significantly boost Egypt's dairy production and food security, received praise from Egypt's Prime Minister who highlighted its potential to create jobs, reduce external imports, and strengthen the nation's food industry.
Baladna, with its expertise in dairy production, expressed readiness to invest in the project and contribute to the growth of Egypt's agricultural sector and global food security. This collaboration underscores the commitment of both Baladna and the Suez Canal Authority to achieving the project's goals. In summary, the partnership between Baladna and the Suez Canal Authority represents a substantial step toward enhancing Egypt's food security, fostering self-sufficiency, and strengthening economic ties between Qatar and Egypt.