UAE

UAE and Côte d’Ivoire Inaugurate UAE-Backed Cashew Processing Factory

UAE’s Minister of State for Foreign Trade, Dr Thani bin Ahmed Al Zeyoudi and Prime Minister of Côte d’Ivoire, Robert Beugré Mambé officially opened a new factory for processing of cashew nuts in Côte d’Ivoire developed by the UAE. This new 50 thousand ton warehouse in Boundiali, belonging to the Pan African Agro Commodities Holding Limited (PAACH), can be understood as the deepening economic cooperation between the two countries.

Côte d’Ivoire ranks among the five largest cashew exporting countries; cashews are the second most exported product in the country and contribute 9 percent to its Gross Domestic Product. The new factory will have the capacity of processing one hundred metric tonnes per day, and should provide five hundred direct and three thousand, five hundred indirect employment opportunities for the country in meeting its supply chain demands.

Speaking at the launch, Al Zeyoudi pointed to the UAE’s interest in West Africa and said that the facility can contribute to the improvement of Côte d’Ivoire’s economy. Opening of this cashew-processing factory serves the goal of UAE confidence in the economic capabilities of Côte d’Ivoire and presents a blueprint for further investment in the country, Al Zeyoudi noted that this dynamic economy is implementing daring policies and measures for structural and sustainable growth.

CAHI’s Abdul Jabbar Al Sayegh, the Chairman of PAACH, also concurred with this by stating that the factory was an investment and a symbol of relations between UAE and this West African nation; Côte d’Ivoire. ”This factory is a strong outcome of the bilateral relations’ potential for Ivorian market that Demonstrates more commitment to promoting the improvement of the overall economy, growth and development,” he said.

On the sidelines of his visit, Al Zeyoudi also highly warmed up his meetings with Prime Minister Mambé and other ministers, particularly how to boost private sector partnership. The discussions revealed possibilities of partnership in industries based on food production and processing, agriculture, manufacturing industries and transport.

Web Desk

Recent Posts

Top 7 Eid Al Adha 2025 Dining Deals in Dubai You Shouldn’t Miss

Because Eid Al Adha 2025 falls on a four-day holiday in the UAE, there are…

8 hours ago

Dubai RTA Announces Free Parking and Metro Hours for Eid Al Adha 2025

Dubai’s Roads and Transport Authority (RTA) has made parking and public transportation changes for the…

9 hours ago

Titanic VR Experience Launches in Dubai This June—Step Aboard the Iconic Ship

Dubai is getting ready for a unique Titanic-themed virtual reality experience that will let users…

22 hours ago

Abu Dhabi Signs Major Deal with FilmGate to Produce 15 UAE-Based Film Projects

As part of its plan to boost the UAE film industry, the Abu Dhabi’s Creative…

24 hours ago

Dubai Reserves Four Beaches for Families During Eid Al Adha 2025

For Eid Al Adha in 2025, Dubai Municipality has let the public know that four…

1 day ago

Eid Al Adha 2025: Dubai Parks and Abattoirs Extend Hours for Holiday Visitors

Dubai will be offering longer park hours, different recreational events and safe services at abattoirs…

2 days ago