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UAE-backed cashew processing factory opens in

Côte d’Ivoire

• 14 Jul 2024

Top officials during the inauguration ceremony. WAM

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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

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