Paul Schuler, Sika Regional Manager EMEA: "We are positioning ourselves early in emerging markets such as Senegal. Large-scale investment projects in infrastructure, transport, energy and water combined with recently discovered oil reserves will contribute to this emerging country's development. Our growth strategy in Africa is paying off. Over the last five years we have increased sales by an average of 22% per year."
Senegal's economy has grown by over 5% on average in the past three years. According to latest forecasts, the economic growth of the country is expected to increase by 6.5% this year. A main growth driver for the country's economy and construction sector is the "Plan for an Emerging Senegal" with a time horizon of 2035 which aims to boost urban centers with significant economic potential through infrastructure projects and other measures. Key transport infrastructure projects are being partly co-financed by the European Investment Bank and the European Union.