How Senegal’s Emergent Plan PSE Creates Opportunities for Turkish Investors

Plan Sénégal Émergent (PSE): Opportunities for Turkish Investors

The Plan Sénégal Émergent (PSE), launched in 2014 and now in its third phase (2024-2028 “Ajusté et Accéléré”), is Senegal’s USD 65 billion development strategy positioning the country as an emerging economy by 2035. For Turkish investors, PSE creates concrete opportunities worth tens of billions of USD across infrastructure, agro-processing, tourism and digital economy. This article maps them.

PSE in Numbers

• Total PSE Phase 1 (2014-2019): USD 21 billion budget
• PSE Phase 2 (2019-2023): USD 24 billion
• PSE Phase 3 (2024-2028 Ajusté et Accéléré, updated by Bassirou Diomaye Faye administration): USD 20 billion
• Target GDP growth 7-8% annually in 2024-2028
• Poverty reduction: from 37.8% (2019) to <15% by 2035
• Overall PSE 2035 horizon: USD 150 billion cumulative

PSE Flagship Projects Open to Turkish Partners

1. Infrastructure: roads, ports, rail

• Train Express Régional (TER) Phase II: Diamniadio → Blaise Diagne Airport (~19 km extension)
• Dakar-Tivaouane-Saint-Louis motorway (230 km) — bids open
• Port of Ndayane (new container terminal, CMA CGM-operated, USD 1.1 billion)
• Bargny-Sendou minerals port (phosphates, cement)
• Turkish track record: Limak + Summa (Blaise Diagne airport), Yapı Merkezi (TER Phase I)

2. Energy transition

• 40% renewable energy target by 2030
• Solar potential: PSE targets 1,500 MW solar by 2030
• Green hydrogen pilot projects with Germany
• Turkish fit: Çalık Enerji, Limak Solar, CW Enerji photovoltaic

3. Oil & Gas Upstream and Downstream

• Sangomar oil field (16.9M barrels in 2024) and Greater Tortue Ahmeyim LNG
• Future: Yakaar-Teranga gas field (Kosmos 90%, Senegal nationalising 2026)
• Local content opportunities for Turkish OCTG suppliers (Borusan Mannesmann), EPC (Tekfen, Çalık), fabrication (Sedef shipyards)

4. Agro-processing

• Sogem, Sedima, SOCAS: Senegalese agribusinesses seeking processing investments
• Cashew, peanut, mango processing — Turkey has Pınar, Sütaş, Ülker as potential technology partners
• PSE target: 70% food self-sufficiency by 2035

5. Industrial Parks (ZES)

• Diamniadio P2ID: 53 ha dedicated industrial
• Sandiara ZES: Tosyalı Holding already announced USD 200M steel mill
• Bargny-Sendou ZIA: heavy industries, cement, steel
• Gossas-Kahone ZES: agro-industrial

6. Social Housing

• PSE target: 100,000 social housing units by 2035
• Already delivered: Pôles urbains Diamniadio (Courtyards of Abdou Diouf, Cité Keur Gorgui)
• Turkish opportunity: pre-fab construction (Tunçlar), cement (Tosyalı Algérie model), finishing (Yataş for furniture)

7. Tourism Infrastructure

• Pointe Sarène-Mbour tourism zone
• Saly-Joal-Fadiout boardwalk
• Casamance eco-tourism
• Turkish opportunity: hotel construction (Summa track record), hospitality (Titanic Hotels, Rixos), tourism agencies

8. Digital Economy

• Dakar Digital Park (Senegal Digital 2025)
• Broadband coverage target 100% by 2030
• E-government digitalisation
• Turkish opportunity: Havelsan, Karel, Vestel Bilişim

Investment Incentive Regime

• Code des Investissements 2024: tax holidays up to 12 years for priority sectors
• ZES regime: 0% IS for 10 years + 0% VAT + 0% customs duty
• APPI Turkey-Senegal 2010 (in force since 2012): mutual investment protection, ICSID arbitration
• Senegal-Turkey Double Taxation Treaty: signed 14/11/2015, ratified by Turkish Parliament 26/10/2023
• FONSIS (Sovereign Investment Fund): can co-invest with Turkish partners

Official Bodies to Engage

• APIX-SA (one-stop shop, 48h company registration): +221 33 849 05 55, 52-54 Rue Mohamed V, Dakar
• Ministère du Plan et du Développement: coordinates PSE implementation
• Ministère de l’Économie, du Plan et de la Coopération: budget and PSE financing
• FONSIS: fonsis.org — Generational Fund, co-investment partner
• Türkiye-Senegal Business Council (DEIK): created 2015, deik.org.tr
• Türk Eximbank: Africa portfolio (USD 1.3B cumulative), 3.29% AFC stake since Dec 2023
• MIGA / World Bank: political risk insurance for large investments

Process to Engage in PSE Project

1. Pre-qualification: meet Turkish Embassy Dakar commercial counsellor (Villa 6106, Fann-Résidence)
2. Project identification: via APIX pipeline or public tenders portal dgmp.gouv.sn
3. Local partner: mandatory for local content in strategic sectors (APIX assistance under 2 weeks)
4. Feasibility: 3-6 months technical + financial + environmental
5. Financing: Türk Eximbank buyer’s credit + AFC co-financing + FONSIS equity
6. Execution: EPC contract or BOT concession
7. Operation: typically 25-year concessions for airports, ports, motorways

Already-active Turkish Investments in Senegal

• Summa: Blaise Diagne airport (with Limak), Dakar Arena, Abdoulaye-Wade stadium, Radisson Blu Diamniadio, international conference centre
• Limak: Blaise Diagne airport 25-year concession
• Tosyalı Holding: steel plant Sandiara ZES (USD 200M), Tosyalı Economic Zone
• Yapı Merkezi: TER Phase I (Eiffage consortium)
• TAV Havalimanları: airport expertise
• Çalık Enerji: energy project cooperation agreement with Ministry of Agriculture signed Nov 2024

Ticket sizes

• Industrial ZES investment: USD 5-50M typical
• Infrastructure concession: USD 50-500M
• Agro-processing JV: USD 2-15M
• Tourism hotel: USD 10-40M
• Digital services: USD 1-10M

Bottom Line

The Plan Sénégal Émergent represents the most structured investment pipeline in French-speaking Sub-Saharan Africa. For Turkish investors, it opens opportunities from USD 2M agro-processing JVs to USD 500M infrastructure concessions — with multiple incentive regimes (ZES, investment code, double taxation treaty pending enforcement) and financing channels (Türk Eximbank, AFC, FONSIS). Engaging via APIX-SA and the DEIK Turkey-Senegal Business Council is the fastest route to qualified project pipeline.