Signing of Joint Development Agreement between Mauritius and Senegal
Mauritius embarked on the project of developing a Special Economic Zone in Senegal in 2015. A G-to-G Agreement was signed between the Government of Mauritius and the Government of Senegal in July 2015 for the development of an Industrial Park and Cargo Village in the new city of Diamniadio.
The Government of Senegal has allocated 53 hectares of land in Diamniadio, which is strategically located between Dakar (20 km) and the new Blaise Diagne International Airport (15 km) and is in close proximity to the ports of Dakar and Sendou. Diamniadio is also at the confluence of roads and railway networks into Senegal and neighbouring landlocked countries.
A Special Purpose Vehicle (SPV), Société des Infrastructures d’Affaires Atlantic (SIAA), was incorporated in Senegal in May 2016, having as shareholder the Government of Senegal and the Government of Mauritius, represented by Fonds Souverain d’Investissements Stratégiques (FONSIS) and the Mauritius Africa Fund (MAF), respectively.
A high level delegation from Senegal is currently in Mauritius to finalize the SEZ development and implementation plan. To this end, a Joint Development Agreement has been signed this afternoon between the Government of Mauritius and that of Senegal in the presence of the Prime Minister, Honourable Pravind Kumar Jugnauth. The Government is providing full support for the implementation of the SEZ in Senegal with a view to enlarging the economic space of Mauritius and tap into the West African market through the Economic Community of West African States (ECOWAS) regional grouping.
The Board of Investment organized a Breakfast Meeting with the Senegalese delegation and was attended by Mauritian business associations this morning. Discussions were focused mainly on the modus operandi of the SEZ and benefits to enterprises setting up in the free zone.
The Board of Investment in collaboration with the Mauritius Africa Fund will organise a workshop to disseminate information about the SEZ and investment opportunities in Senegal shortly.
27 January 2017