While the Larbatache sugar refinery, acquired by the public group Madar Holding as part of the recovery of confiscated assets, will become operational before the end of the current year with a production capacity of 2,000 tons per day of various types of sugar, the group—through its subsidiary Tafadis—is planning another investment dedicated to sugar beet. The project will be launched in Ouargla.
This move further confirms the strategic orientation toward developing key sectors in the Grand South, particularly sugar production. Initiatives in this field are multiplying. In addition to refining activities, Tafadis is taking another step forward in the sugar value chain by investing in production based on sugar beet.
Tafadis has already acquired large agricultural areas in Ouargla province and plans to build a processing unit in the region. This will enable the company to invest in two segments: sugarcane and sugar beet.
There are also plans to produce corn, lentils, and beans in rotation with sugar beet cultivation. The project was the subject of a first working session on August 20 between Ahmed Derai, CEO of Tafadis, and Omar Rekkache, CEO of the Agence algérienne de promotion de l’investissement.
According to a statement issued after the meeting, the total investment cost is expected to exceed 80 billion Algerian dinars, with more than 600 direct jobs to be created, in addition to thousands of seasonal and indirect positions.