Investment Minister Khalid Al-Falih Highlights Opportunities At Fii Senegal 2025 In Dakar

Minister of Investment Khalid Al-Falih represented Saudi Arabia at the Invest in Senegal Forum 2025, held in Dakar. He led a delegation of public and private sector leaders. The Kingdom participated as the Guest of Honour, under the patronage of Senegal’s President Bassirou Diomaye Faye. The event gathered heads of state, ministers, and investment leaders from across Africa.

Al-Falih delivered a speech at the forum's opening, congratulating Senegal's president on hosting this significant event. He expressed gratitude for Saudi Arabia being chosen as the Guest of Honour. Al-Falih conveyed greetings from King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, wishing success for the forum and fruitful partnerships between Saudi Arabia and Senegal.

The minister highlighted Senegal as a promising investment destination due to its political stability and strategic location on the Atlantic Ocean. This makes it a natural gateway linking West African and European markets. He emphasized that Saudi Arabia sees Senegal as a key partner in Africa for future development.

Al-Falih noted Africa's vast resources and promising markets, positioning it at the center of global investment priorities. Saudi Arabia aims to expand investments in Senegal, especially in sectors like seawater desalination using renewable energy and photovoltaic solar energy.

The minister discussed Saudi Arabia’s ongoing transformation under Vision 2030, which seeks economic diversification, human empowerment, sustainability, and foreign investment development. Reports indicate significant progress toward these goals with increased foreign direct investment.

Al-Falih stressed the focus on non-oil sectors, reflecting economic transformation depth and international confidence in Saudi business opportunities. He invited investors from both nations to join this journey of success.

"The Republic of Senegal stands out as a promising and pioneering investment destination in Africa," stated Al-Falih. He underscored the importance of building strategic partnerships with countries like Senegal to harness Africa's potential for global economic integration.

With inputs from SPA