Deepening Economic Relations Between Senegal and Turkey Called For
Senegal Invites Turkish Investments for Economic Growth
Prime Minister Ousmane Sonko of Senegal is currently in Istanbul, where he is participating in the Türkiye-Senegal Business Forum. The purpose of his visit is to attract foreign investment, particularly from Turkey, to drive economic growth and development in Senegal.
Sonko identified several potential investment areas for Turkish companies, including power generation, labor-intensive manufacturing, e-commerce, artificial intelligence, healthcare infrastructure, pharmaceuticals, and biomedical equipment. He emphasized Senegal’s stability, strategic location, natural resources, skilled workforce, and competitive business environment as advantages for investment.
One of the areas that Sonko highlighted was the Diass Special Economic Zone near Dakar. He invited Turkish firms to invest in this zone and mentioned ongoing discussions related to construction and energy projects. For instance, there are discussions about projects involving Calik Holding at the Cap de Biche power plant, textile and uniform manufacturing from AVCI Global, and a white cement factory planned by Dakar Plasters – Duygu Insaat.
These sectors and projects are part of Senegal’s broader strategy under the Vision 2050 plan to develop key strategic sectors through partnerships between the government, private sector, and foreign investors. There is also a clear goal of increasing bilateral trade between Senegal and Turkey from $1 billion towards $3 billion.
In addition to inviting Turkish firms to invest in Senegal, Sonko also welcomed Turkish President Recep Tayyip Erdogan’s goal of raising bilateral trade between the two countries. He further stated that Senegal has embarked on a new path focused on sovereignty, social justice, and prosperity after last year’s presidential election.
The Invest in Senegal forum is scheduled for Oct. 7-8, and Senegal is willing to host Turkey at this event. This forum will provide an opportunity for Turkish firms to explore investment opportunities in Senegal and contribute to the country's transformation through partnerships between the state, private sector, and foreign investors.
[1] Senegal invites Turkish firms to invest
[2] Senegal's PM invites Turkish firms to invest in various sectors
[3] Senegal's PM invites Turkish firms to invest in Diass Special Economic Zone
[4] Senegal, Turkey aim to raise bilateral trade to $3 billion
[1] Senegal invites Turkish firms to invest in various sectors, such as power generation, labor-intensive manufacturing, e-commerce, artificial intelligence, healthcare infrastructure, pharmaceuticals, and biomedical equipment, to drive economic growth and development.
[2] Senegal's PM invites Turkish firms to invest in the Diass Special Economic Zone near Dakar, where ongoing discussions related to construction and energy projects are taking place, including potential projects involving Calik Holding at the Cap de Biche power plant, textile and uniform manufacturing from AVCI Global, and a white cement factory planned by Dakar Plasters – Duygu Insaat.
[3] Senegal's PM invites Turkish firms to explore investment opportunities in the Diass Special Economic Zone, a strategic location for partnerships between the government, private sector, and foreign investors.
[4] Senegal and Turkey aim to increase bilateral trade between the two countries from $1 billion towards $3 billion by encouraging Turkish firms to invest in Senegal.
