PH, Qatar firm ink deal to increase milk production, create jobs
14 February, 2022
MANILA – The country is looking at a USD500-million worth of integrated dairy facility after sealing a partnership with Baladna Qatar Public Shareholding Company (QPSC).
The project can increase local milk production by 120 million liters from the current 26.71 million liters to address local demand and decrease imports, according to the Department of Agriculture (DA) on Monday.
“The investments will be able to generate 2,000 new jobs during the initial phase of its first full year of operations, providing significant opportunities for domestic employment,” Secretary William Dar said in a statement.
DA shared details of the deal, signed in Dubai, United Arab Emirates on February 11 with Trade Secretary Ramon Lopez and Baladna QPSC independent board member Aidan Tynan.
Lopez also graced the Dubai World Expo, where he delivered a message during the Philippines’ National Day official ceremony.