Chinese Investment Aids Senegal's Growth
Edited by WANG Xiaoxia
To facilitate Senegal's development, the Forum on Chinese Enterprises' Investment (FCEI) was recently held in Diamniadio, a new city project about 30 km from Senegal's capital Dakar.
As an important part of the second Senegal Investment Forum, the FCEI brought together over 300 participants, including Senegalese government officials, representatives of more than 150 Chinese and Senegalese enterprises and business associations. Several cooperation agreements were signed in areas such as energy, finance and environmental protection.
Over several decades, Senegal and China have jointly built a partnership based on South-South cooperation and oriented towards common development, achieving fruitful results.
To date, there are over 100 Chinese-funded enterprises in Senegal, active in multiple fields such as transportation, energy, agriculture and digital economy, injecting vitality into Senegal's industrial transformation and economic revitalization.
Chinese enterprises have long been recognized by the Senegalese community for their professionalism and innovative capabilities. They not only help grow the economy, but also bring technology and experience, providing strong support for the modernization of agriculture and food security in the country.
Chinese-funded enterprises have also played an important role in the construction of Senegalese industrial parks. The active participation of chambers of commerce from Fujian, Zhejiang and Hunan provinces has boosted cooperation between the two sides in areas such as industrial investment, innovative technology and new energy.
China has become Senegal's largest trading partner, with cumulative investment of over 430 million USD in the country, creating 11,000 jobs.
Looking ahead, China will promote the in-depth alignment of its Belt and Road Initiative with Senegal 2050 Vision, and assist Senegal in advancing its industrialization, digitalization and agricultural modernization processes, said Li Zhigang, Chinese ambassador to Senegal.
In addition, the two sides will expand openness and sharing, deepen technological cooperation, and promote people-to-people exchanges, enabling the benefits of cooperation to improve the well-being of people.