Senegal anticipates robust GDP growth of 9.2% with the onset of oil and gas production in 2024, paving the way for an average annual growth rate of 5.8% from 2025 to 2028.
To support this growth trajectory, the government is prioritizing sectors crucial for hydrocarbon development and economic transformation.
Aligned with its Emerging Plan for 2035, Senegal is poised to evolve into an integrated and competitive logistics hub.
Efforts to revitalize the railway network and construct regional highways are underway, with particular emphasis on the ambitious Port of Ndayane project.
Representing Senegal’s largest private investment to date, the Port of Ndayane, spearheaded by Dubai Port World (DP World), aims to mobilize $827 million in its initial phase.
Encompassing the construction of a container terminal, shipping channel, and quay, the project is positioned to become West Africa’s largest deep-water port.
Scheduled for completion by 2026, the port’s strategic location on the Petite Côte, in proximity to the Sangomar oil field and the Sandiara economic zone, promises to alleviate congestion at Dakar Port while bolstering regional development.
With an expected commissioning in 2027, coinciding with projected peak oil production, the port is poised to handle a substantial portion of Senegal’s trade, catalyzing economic growth and creating millions of jobs.
Moreover, the establishment of a special economic zone and plans for a urea fertilizer production unit underscore the port’s transformative potential, aiming to reduce fertilizer imports, narrow trade deficits, and enhance agricultural output.
