afrol News, 29 June - Through a mutual agreement, Senegal and the United States have cancelled a multi-million dollar investor-friendly project in the outskirts of the capital Dakar.

The Diamniadio project did not pass the test of the United State's
Millennium Challenge Corporation (MCC).

Designed on a 2,500 hectare site in Diamniadio (35 km from Dakar), the
project is expected to lure investors as well as create 45,000 jobs
opportunities in Senegal.

According to an official statement, Senegal is already trying to wind up
negotiations with a private company in Dubai, Jebel Ali Freezone, for the
construction and development of a special integrated economic zone in
Diamniadio.

It is also observed that the Diamniadio platform is a carbon copy of the
Dakar special integrated economic zone known as DISEZ.

The MCC is mainly devoted to complement the private sector projects rather
than competing with them.

But this development does not mean Senegal has lost the MCC benefits, which
are enjoyed by African countries with reputable democracy, human rights and
political tolerance.

Senegal and the US have now agreed to divert the MCA financial support,
which was initially meant for the Diamniadio project to the Dakar-Diamniadio
toll motorway and for other prospects.

By staff writer

© afrol News

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