# Ivory Coast : The Nexans Group is approaching the West African market with the inauguration of its Côte d'Ivoire factory. A 15 million-euro project, located in Abidjan, mainly focused on Nexans Morocco, the first in Africa. The details.
Nexans Côte d 'Ivoire, which will produce home and industrial cables as well as electrical transformers for the entire West African region, officially opened on 9 November in the brand new Abidjan industrial zone.
At a cost of 15 million euros, or 9.8 billion FCFA, the plant benefits from an investment that places Côte d'Ivoire at the heart of the Group's development strategy in Africa.
Among other things, Nexans Maroc, in cooperation with Nexans France, also includes the Envol group, based in the UEMOA band, which has been distributing the Nexans brand in the region for more than 30 years.
Built in an area of 32,000 m², this infrastructure is equipped with state-of-the-art equipment, which will be handled by one hundred new Côte d'Ivoire residents trained at the Nexans premises in Morocco.
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Nexans' presence in Côte d'Ivoire is in a particularly favorable context for the electricity sector, Ivory Coast Vice-President Daniel Cablan Duncan said.
The country is pursuing an ambitious policy of expanding its energy production, which is expected to grow from 2,200 MW to 4,000 MW in 2020 and 6,000 MW in 2030.
In addition, an ambitious PRONER rural electrification program is underway, with 4,600 live villages in 2017, targeting 8,500 targeted villages by 2020, according to Daniel Kablan Ducan.
Between 2014 and 2030 Côte d'Ivoire plans to invest $ 22.5 billion or 11 billion CFAF to meet the demand of both the country and its neighbors. the Vice President said again.
This last-generation investment will of course benefit the country's largest cable manufacturer. For Abdelkrim Alaoui, Managing Director of Nexans Cote d 'Ivoire, this facility is part of the Nexans Group's development strategy in Africa.
"This is a sign of confidence in Côte d'Ivoire, the first economy and gateway in the WAEMU zone, and an approach to the regional market," he explained. The Nexans Coast of Ivory Coast will actually cover the Côte d'Ivoire market and will mainly target the entire WAEMU zone or even across West Africa.
This investment of EUR 15 million is only the first phase of the development of this plant in Abidjan. A second phase should intervene "within two to three years," according to group managers, in order to expand Nexans Côte d 'Ivoire's offer.