# Ivory Coast : The Nexans group is closer to the West African market with the establishment of its plant in Ivory Coast. A 15 million euro project, located in Abidjan, and mainly led by Nexans Moroco, the first in Africa. The details.
Nexans Côte d'Ivoire, which will produce cables for domestic and industrial use, but also electrical transmission for the whole of West Africa region, officially opened on November 9th in Abidjan's new industrial base.
With a cost of 15 million euros, or 9.8 billion FCFA, the plant benefits from Côte d 'Ivoire's investment at the heart of the African development strategy.
It was mainly owned by Nexans Maroc, in partnership with Nexans France, the project also includes the Envol Group, located in the UEMOA area, which has been distributing the Nexans brand in the region for over 30 years.
After building on an area of 32,000 m², this infrastructure has the latest generation equipment, which will be treated by a hundred young Ivorians trained at the Nexans Morocco facilities.
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The presence of Nexans in the Ivory Coast is in a particularly favorable context for the electricity sector, and Ivorian's Vice President, Daniel Kablan Duncan.
The country follows an ambitious policy of expanding its power production, which is expected to increase from 2,200 MW to 4,000 MW in 2020 and 6,000 MW in 2030.
In addition, an ambitious rural electronics program under the PRONER program is underway, with 4,600 elective villages in 2017, targeting 8,500 villages targeted by 2020, according to Daniel Kablan Ducan.
Between 2014 and 2030, Côte d'Ivoire intends to invest $ 22.5 billion, or around the 11,000 billion CFAF, to meet the country and neighboring demand at the same time. the Vice President said again.
This latest generation investment will certainly benefit the country's largest cable producer. For Abdelkrim Alaoui, CEO of Nexans Côte d'Ivoire, this facility is part of the Nexans Group development strategy in Africa.
"This is a sign of confidence in Côte d'Ivoire, the first economy and the portal to the WAEMU zone, and revaluation for the regional market," he explained. Nexans Ivory Coast will truly cover the Ivorian market and will even target WAEMU's entire zone, or even all West Africa.
This is only the first phase of the development of this Abidjan plant and this investment of 15 million euros. A second phase of interruption "should be within two to three years" according to the group's managers, in order to expand the offer of the Iranian Nexans Côte.