Russia can establish a special economic zone near Senegal's new port: Russian Ambassador.
A Russian logistics center near Ndayane port could include storage facilities and processing plants, similar to Russia's industrial zone in Egypt's Suez Canal region, Russian Ambassador to Senegal Dmitry Korkov told Sputnik.
According to the diplomat, such a center can offer several advantages:
Helping exporters avoid payment delays of up to 90-180 days;.
Allows companies to store local goods and sell them when market conditions are favorable;.
Facilitating trade in markets where banking systems are less developed or trust in banks is limited.
The Ndayane deep water container port, located about 50 kilometers south of Dakar, is being developed with a Dubai logistics operator. Construction is expected to be completed in 2028.