Bamako - Upon the instructions of King Mohammed IV, the Moroccan Phosphates Company (OCP) will shortly launch, in Jorf Lasfar, a fertilizer plant dedicated entirely to the African Market, announced, Wednesday in Bamako, Mostapha Terrab, CEO of OCP group.
This unit, to cost some $ 600 million, was announced by Terrab during the Moroccan-Malian economic high-level forum, held in Bamako as part of the visit of King Mohammed VI in Mali.
The plant's production, conducted by the OCP, amounts to one million tons of fertilizers per year, and will be exported exclusively to Africa, Terrab added.
King Mohammed VI, insisted that the production of the plant be exported exclusively to Africa, he said.
The King began on Tuesday an official visit to the Republic of Mali, the first leg of an African tour that will take the Sovereign to Côte d' Ivoire, Guinea, and Gabon.