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The Italian firm Ferraresi has launched a massive $1 billion agricultural project in the Timimoun region of Algeria. The upcoming project will encompass 37,000 hectares dedicated to cereal production and other high-value crops.

This large-scale agricultural initiative is part of Ferraresi’s strategy to expand its operations in North Africa. The project aims to leverage Algeria’s abundant land and favorable climate to boost food production and contribute to the country’s food security.

Ferraresi’s investment in Timimoun is poised to be one of the most expansive agricultural projects in the region. The company plans to utilize advanced farming techniques and technologies to maximize crop yields and improve overall productivity.

The project is expected to create thousands of local jobs and drive economic development in the Timimoun area. It also aligns with Algeria’s broader efforts to diversify its economy beyond the oil and gas sectors.

This landmark investment by the Italian firm underscores the growing interest and opportunities in North Africa’s agricultural sector, as countries in the region seek to enhance food production and reduce reliance on imports.

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