28 June 2019

Morocco is set to construct a cement plant Ouled
Ghanem in the province of El Jadida, 150km south of Casablanca. This is after
Moroccan company Tekcim signed a financing agreement of US $274m for the

The project will be financed by the African Development Bank (AfDB)BMCE Bank of Africa, the Banque
Centrale Populaire
 and Societe
Generale Maroc
. Tekcim has subcontracted the construction of the
plant to two companies; Societe
Generale des Travaux du Maroc (SGTM)
, a large Moroccan construction
company specialized in public projects and the global engineering company FLSmidth, based in Denmark.

“This is an important project that will contribute
to the industrial acceleration of Morocco, and to the reinforcement of its
strong economic ties with the continent,” said Leila Farah Mokaddem, the AfDB
representative in Morocco, at the signing ceremony.

The cement plant will produce an estimated 1.4
million tons of cement per year and 1.1 million tons of clinker. The production
will meet the increasing demand for housing and infrastructure projects in
Morocco and across Africa.

Thanks to the transport infrastructure in the
region, the plant will easily be able to respond to local market needs and,
beyond this, to the needs of regional markets in West Africa including Burkina
Faso, Cote D’Ivoire, and Niger, reports the Maghreb Press Agency (MAP). The
project will equally create jobs to benefit rural populations.

The plant is expected to begin operations in 2022. The AfDB has financed more than 160 projects in Morocco, across the water, energy, transport, agriculture, and social development sectors, to a value of over US $10bn over the last 50 year.

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