# Ivory Coast : The Nexans group is approaching the West African market with the opening of its factory in Côte d'Ivoire. A 15m-euro project in Abidjan, managed by Nexans Morocco, a first in Africa. Details.
Nexans Côte d'Ivoire will produce cables for local and industrial use, but at the same time power transformers for the West African region were officially opened on November 9 in the new industrial zone of Abidjan.
With a cost of 15m euros or 9.8 billion FCFA, the facility benefits from an investment in the heart of the development strategy in Cote d'Ivoire.
Carried out by Nexans Maroc in partnership with Nexans France, the project also includes the Envol Group, based on the UEMOA region, which has been distributing the Nexans brand in the region for over 30 years.
Built on an area of 32,000 m², this infrastructure is equipped with a new generation of equipment, which will be handled by hundreds of young Ivorian trained in Nexans Morocco facilities.
>>> READ: Côte d'Ivoire: Moroccan Nexans implant with 12m euros investment
Daniel Kablan Duncan, Vice-President of Cote d'Ivoire, said that Nexans' presence in the Ivory Coast is particularly favorable for the electricity sector.
The country is pursuing an ambitious policy to expand the energy production expected to emerge in 2020 from 4,000 MW to 4,000 MW in 2020 and 6,000 MW in 2030.
In addition, according to Daniel Kablan Ducan, an ambitious rural electrification program under the PRONER program continues and in 2017 4,600 electric villages target 8,500 villages targeted by 2000 people by 2020.
Between 2014 and 2030, Ivory Coast plans to invest 22.5 billion dollars or 11,000 billion CFA to meet the demands of the country and neighboring countries at the same time. He told the vice president again.
This new generation investment will definitely benefit the country's largest cable manufacturer. The CEO of Nexans Ivory Coast is a part of the Nexans Group's development strategy in Africa for Abdelkrim Alaoui.
I This is the first economic and gateway to the WAEMU region in Ivory Coast, a sign of trust for a rapprochement to the regional market, “he explained. Nexans Côte d'Ivoire will indeed cover the Ivory market and will mainly target the entire WAEMU region or even the whole of West Africa.
This investment of 15m euros is just the first stage of the development of this Abidjan plant. According to the group's executives, a second phase to expand the Nexans Ivory Coast should intervene in "two to three years".