Page 487 - MOE ENGLISH PR REPORT - JULY 2024

Thani Al Zeyoudi, Côte d’Ivoire PM open UAE-backed

cashew factory

July 13, 2024 / 7:56 PM
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Sharjah 24 – WAM: Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign

Trade, and Côte d’Ivoire Prime Minister Robert Beugré Mambé have inaugurated a new
UAE-backed cashew processing factory in Boundiali, Côte d’Ivoire.

The state-of-the-art facility, owned by Pan African Agro Commodities Holding Limited
(PAACH), aims to boost West Africa’s agriculture sector and its key exports.

Côte d’Ivoire, a top global cashew exporter, relies heavily on cashews for its economy,

contributing 9% to GDP. The factory, with a daily capacity of 100 metric tonnes, is
expected to create 500 direct and 3,500 indirect jobs, enhancing the country's role in

global supply chains.

Al Zeyoudi emphasised the UAE's commitment to West Africa and the economic

potential of Côte d’Ivoire, highlighting the factory as a model for future investments.
Abdul Jabbar Al Sayegh, PAACH Chairman, noted the factory's significance for bilateral

relations and local economic growth.

https://www.sharjah24.ae/en/Articles/2024/07/13/d98