Nexans and the Moroccan government signed two MoUs involving EUR 100 million as a total investment plan to build the company’s third plant for medium-voltage cable in Morocco by 2026, in addition to its facilities in Casablanca and Mohammedia.
Dec 14, 2023
Nexans and the Moroccan Ministry of Industry and Trade, Ministry of Energy Transition and Sustainable Development, Ministry of Investment, Convergence and Evaluation of Public Policies, the National Office of Electricity and Drinking Water (ONEE) and the Moroccan Investment and Export Development Agency (AMDIE), signed two agreements involving EUR 100 million as a total investment plan to build the company’s third plant for medium-voltage cable in Morocco by 2026, in addition to its facilities in Casablanca and Mohammedia.
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Strengthening Nexans’ commitment to the energy transition in Morocco and across Africa, the project is expected to create more than 200 direct jobs. It will benefit from the backing of the Moroccan Ministries, the ONEE, and the AMDIE. Moreover, it will meet the Group’s standards of excellence, in line with its Industry 4.0 digitalization and sustainability goals, and will deliver cables to Africa. This project is aligned with the High Instructions of His Majesty, King Mohammed VI. Currently a leader in the region and across Africa in deploying renewable energy infrastructure, Morocco aims to consolidate the entire industrial ecosystem in the coming years. Through this transformative project, Morocco and Nexans are working together to strengthen the development of the renewable energy industry value chain in the Kingdom and to promote technical advancement in the local industrial fabric.
Mr. Christopher Guérin, CEO of Nexans, said, “ Once again, I commend Morocco’s outstanding leadership in bringing the benefits of sustainable electrification to all. I am delighted with this new phase in our relations, which boosts our presence in the country, where we have been operating for more than 75 years, alongside our plants in Mohammedia and Casablanca. This project, bringing together public and private players, sets out to achieve, from the very start, ecological and human commitments, thereby unlocking significant economic potential for all of Africa. ”
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Mr. Selma Alami, Nexans Managing Director for North and West Africa, said, “ This project is central to the key directives of the roadmap issued on High Instructions of His Majesty King Mohammed VI, may God assist Him, which were reiterated last March. I would like to express my praise for the support of the Ministries, which made this agreement possible. We are proud to strengthen our presence in Morocco. ”
