Moroccan-Ivorian Economic Forum

The Anouar Invest group signed a memorandum of understanding for the construction of a cement production plant in Abidjan

During the closing ceremony of the Moroccan-Ivorian Economic Forum, held in January 21, 2015 in Marrakesh, and chaired by His Majesty King Mohamed VI and His Excellency the President of the Ivory-Coast Republic, Mr. Elassan Ouattara, the Anwar Invest Group and the Investment Promotion Centre of Ivory-Coasthave signed a memorandum of understanding for the construction, by Anwar Invest in Abidjan, of a cement production plant. This plant, with a production capacity of 500,000 tons a year and for an investment amounting to 35 million US dollars, will enhance supply and meet the needs of a rapidly growing market.

Its commissioning is scheduled for late 2016 and the plant will,at start, be supplied with the basic material purchased on the international market, then by the Group's subsidiary in Morocco, Atlantic Cement, upon the commissioning of its cement production plant in Settat, scheduled for early 2018.

Through this investment, the Anouar Invest Group strengthens its cement business development strategy by positioning itself in West Africa, a region that constitutes a natural outlet for a part of its Moroccan production.