Baladna Q.p.s.cQSE: BLDN

Baladna Algeria Launches Dairy Cattle Airlift From US

· Issued by Baladna Q.p.s.c

BALADNA QSE:BLDN :

  • BALADNA ALGERIA LAUNCHES DAIRY CATTLE AIRLIFT FROM THE UNITED STATES AS PART OF ITS INTEGRATED PROJECT FOLLOWING $635 MILLION PHASE TWO SIGNING

  • STEP REFLECTS CONTINUED PROGRESS TOWARD LOCAL POWDERED MILK PRODUCTION, WITH TOTAL PROJECT INVESTMENT ESTIMATED AT AROUND $3.5 BILLION

  • PROGRAM WILL BE CARRIED OUT THROUGH REGULAR AIR SHIPMENTS OVER A PERIOD OF TEN MONTHS

  • PHASE IS ALSO EXPECTED TO GENERATE A NOTABLE ECONOMIC IMPACT IN THE UNITED STATES, WITH THE TOTAL VALUE OF THE PROCUREMENT AND LOGISTICS PROGRAM ESTIMATED AT BETWEEN $250 MILLION AND $300 MILLION

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