Nigerian cement producer Dangote Cement has formally expressed interest to build a US$550m cement plant in Nepal. Investment Board Nepal (IBN) has received an application from Dangote, according to a press release from the IBN.

IBN CEO Radhesh Pant also confirmed to Nepalese newspaper Repblica that Dangote is looking for mines in Nepal. Dangote has expressed interest in setting up a plant in the western Nepalese district of Surkhet.