Nexans signs two memorandums of understanding with the Moroccan government for a new cable plant in Morocco

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 a €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.

Strengthening Nexans’ commitment to the energy transition in Morocco and across Africa, the project is expected to create more than 200 direct jobs and 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 the deployment of renewable energy infrastructure, Morocco aims to consolidate the entire industrial ecosystem in the years to come. 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.