Takamul Company, owner of the Atomai project, gives a presentation about the project during the African Investment Market days in Rabat

The first day of the African Investment Market, organized by the African Development Bank Group, witnessed a presentation by Takamul Company, equally owned by the Société nationale Industrielle et Minière (SNIM) and Saudi Iron and Steel Company (HADEED), in front of representatives of funding bodies and the African Investment Forum.
The presentation, delivered by Takamul's General Manager, Mr. Abdullah Ould Ahmed, covered the stages of development of the Atomai project and its importance, through a detailed explanation of its technical characteristics, economic profitability, and the stages it has successfully passed and those to come.
As a reminder, the Atomai project aims to produce 10 million tons of iron pellets annually, and Takamul aims through this presentation to find investors to finance the project.
The presentation was attended by the Mauritanian Ambassador in Rabat, the CEO and board Meber of SNIM, Mr. Mohamed Fall Ould Telmeidi, Dr. Othman Al-Maliki, representing Hadeed Company and a member of Takamul's board of directors, Dr. Akinwumi Adesina, President of the African Development Bank Group, in addition to Mr. Mohamed Salem Ould Nani, Director General of Finance and Economic Cooperation at the Ministry of Economy and Finance, and some senior officials from SNIM.

SNIM is the second largest African producer of iron ore, with annual sales of more than 14 million tons of iron ore. Its turnover reached 1.37 billion dollars in 2023, contributing 37% of the country's exports, 14% to the state budget, and 9% to the gross domestic product.