CDG : Agreement with CDC Senegal for developing a project in Dakar
Following the signature on May 25, 2015, before His Majesty King Mohammed VI – May God glorify him - and His Excellency the President of the Republic of Senegal Macky Sall, a Memorandum of Understanding between the Caisse de Depot et de Gestion (CDG) and Caisse des Dépôts et Consignations of Senegal (Senegal CDC) on the implementation of the Dakar development project of the West African Business City, a working meeting took place in Rabat on September 4, 2015 between CDG Morocco, CDC Senegal and APIX SA (responsible for investment promotion, major projects and the administration of special economic zones - Senegal) concerning the establishment of studies for the project in question. The meeting was marked by the signing of a new agreement defining the terms of cooperation between the three parties to carry out preliminary studies of this important project for the urban development to be built in the city of Dakar.
It should be noted that representatives of the CDC and Senegal APIX SA on September 3, 2015 were conducted on a tour of the Casa Anfa project and other projects developed by the CDG Group in the city of Casablanca.
By pooling their respective expertise, the Moroccan and Senegalese parties welcome this contribution, once again, to strengthening the excellent relations between the two sister countries, the Kingdom of Morocco and the Republic of Senegal.
About the Caisse des Dépôts et Consignations of Senegal
The Caisse des Dépôts et Consignations of Senegal (CDC) is a public institution with special status created by Law No. 2006-03 of January 4, 2006. Its main mission is to raise and manage funds that require special protection and to ensure benefits through secure, liquid and profitable mediums capable of creating products that serve the public interest. It is a support on which the Senegalese authorities rely for the development of priority activities identified in the law establishing it, such as the financing of social housing, SMEs, local authority facilities and urban policies. In view of its activities and missions, it should be noted that the CDC, like other depositories, wishes to be a long term institutional investor supporting public development policies, combined with making important interventions in the competitive sector.
About APIX SA - Senegal
APIX SA is an independent Senegalese organization created in July 2000. Its main purpose is to assist the President of the Republic of Senegal in the design and implementation of the policy defined in the areas of investment promotion, major works and administration of special economic zones. It provides, in addition, all relevant information to investors. APIX SA has also been put in charge of the West Africa Business City project by presidential decree.