Five Algerian companies made notable strides at the International Food & Drink Event (IFE) 2025, held in London from March 17 to 19, securing $1 billion in agreements under the Ministry of Foreign Trade and Export Promotion's guidance.
Minister Mohamed Boukhari shared that the agreements, spanning investments and exports, include two major projects: a fertilizer production plant and a methanol plant with a one million-tonne annual capacity. Boukhari hailed the participation as a "qualitative leap," showcasing Algeria’s competitive products on international markets.
The participating companies were:
DCAS (Entreprise de développement des cultures agricoles stratégiques), part of the Ministry of Agriculture
Groupe Souakri via its subsidiary Houqoul El Djanoub (Champs du Sud)
CEBON (El Mordjene products)
CATM, specializing in agricultural products and agri-food industries
Tahraoui, active in agriculture
Exhibitors showcased a wide array of products, including dates, olives, olive oil, pumpkin seed oil, saffron, fresh fruits (oranges, mandarins, raisins), vegetables (cherry tomatoes, peppers, yellow melon), processed products, mineral water, and chocolate.
Boukhari also emphasized that trade between Algeria and the UK reached $1.7 billion in 2024, but noted this still doesn't fully reflect the potential of the bilateral relationship. He called for a revival of the Algerian-British Business Council to enhance economic ties further.
British Ambassador to Algeria, James Downer, expressed his country's commitment to supporting Algerian businesses in their international ventures.
Algeria's success at IFE 2025 marks a significant step in advancing its economic strategy, particularly in non-hydrocarbon exports, and opens new doors for international trade and investment.
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