According to the company, the initial investment in the rice sector is expected to be $35m to $40m, while the total investment in the future could reach up to $200m. These investments could help in the economic recovery of the country, which has been affected by economic stagnation.
Cevital president Issad Rebrab said the company has decided to go international, notably in Africa because it believes that the strongest growth in the next ten years will be in Africa.
Cevital plans to establish itself in the cocoa sector, which is the top earner for Ivory Coast, Rebrab added.
