Senegalese Officials Laud Dubai As A Benchmark For Foreign Investment

Senegalese officials have recognised Dubai as a global exemplar in attracting foreign investment, supporting the private sector, and fostering a favourable legislative environment for business growth. Speaking to the Emirates News Agency (WAM) during a trade mission organised by the Dubai International Chamber in Senegal, they highlighted the UAE's prominent role in foreign direct investment in Senegal.

The UAE ranks among the top ten countries investing in Senegal, with significant contributions from major Emirati companies such as DP World and Emirates airline. Abdoulaye Sow, President of the Chamber of Commerce, Industry, and Agriculture in Dakar, underscored Senegal's keen interest in UAE investments, citing promising opportunities.

Sow mentioned the recent signing of a cooperation agreement with the Dubai International Chamber aimed at enhancing investments and events between Dubai and Senegal. This agreement is expected to pave the way for increased economic collaboration and mutual benefits for both regions.

Bakary Sega Bathily, Director General of the National Agency for the Promotion of Investments and Major Projects in Senegal, announced that a Senegalese trade delegation will visit the UAE in the third quarter of this year. The delegation will explore avenues to strengthen cooperation with the Emirati business sector, focusing on priority areas such as infrastructure and logistics.

Prospects in Mining Sector

Talibouya Ba, Parliamentary Attaché to the Ministry of Energy, Petroleum, and Mines in Senegal, highlighted significant prospects for further cooperation between the UAE and Senegal, particularly in the mining sector. He noted that the trade mission organised by the Dubai International Chamber plays a vital role in introducing Emirati businesses to investment opportunities available in Senegal.

The ongoing collaboration between Dubai and Senegal is expected to yield substantial economic benefits, fostering growth and development across various sectors. The strategic partnership underscores both regions' commitment to enhancing bilateral trade and investment relations.

With inputs from WAM