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7/16/24, 3:42 PM UAE and Côte d’Ivoire inaugurate cashew factory in Boundiali
UAE and Côte d’Ivoire inaugurate cashew

processing factory in Boundiali

Sat, 13 Jul, 2024 By Arya M Nair, Official Reporter Follow author on

Image Courtesy: WAM | Cropped by GBN

UAE and the Republic of Côte d’Ivoire 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 cashew factory was inaugurated by 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.

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 tons, the facility is

expected to create 500 direct and 3,500 indirect jobs and enhance the country’s

role in global supply chains.

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.

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