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7/16/24, 4:07 PM Thani Al Zeyoudi, Côte d’Ivoire Prime Minister inaugurate UAE-backed cashew processing factory in West African nation – Creative…
Thani Al Zeyoudi, Côte d’Ivoire Prime

Minister inaugurate UAE-backed cashew

processing factory in West African nation

EDITOR July 14, 2024 4 minute read

ABU DHABI,

(WAM) — Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and the Prime Minister of

the Republic of Côte d’Ivoire, Robert Beugré Mambé, have inaugurated a new UAE-backed cashew

processing factory in the West African country, signaling an important milestone in the two nations’ economic
relations.

The state-of-the-art facility, which is located in the northern city of Boundiali, is owned and operated by Pan

African Agro Commodities Holding Limited (PAACH), an entity incorporated in the Abu Dhabi Global Market
(ADGM) that seeks to promote West Africa’s domestic agriculture sector and support the development of its

key exports.

Côte d’Ivoire is one of the top five exporters of cashews globally, with around 80 percent of its annual
production sold to overseas markets. Cashews are also Côte d’Ivoire’s second-most important export

product, contributing 9 percent to the nation’s GDP. With a daily processing capacity of 100 metric tonnes,

the facility is expected to create 500 direct and 3,500 indirect jobs and enhance the country’s role in global
supply chains.

In remarks delivered at the launch ceremony, Al Zeyoudi said the facility is an embodiment of the UAE’s

commitment to West Africa and expressed his optimism for the future of relations between the UAE and Côte
d’Ivoire. “The opening of this impressive cashew-processing factory underlines the UAE’s belief in the

economic potential of Côte d’Ivoire, and offers a compelling model for further investments into the region as a
whole. This is one of the most dynamic economies on the continent, one that is adopting bold economic

policies and ambitious reforms designed to deliver sustained, diversified growth. We envision huge potential

for private-sector collaboration between our nations as we support the development of Côte d’Ivoire’s
industrial, agricultural and supply chain capabilities. My visit this week marks an important step in

strengthening the economic partnership between our two countries, which I look forward to building on in the
years ahead.”

In his remarks at the inauguration, Abdul Jabbar Al Sayegh, Chairman of the Board of Directors of Pan

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