Top sectors with potential for U.S. companies include the oil and gas sector; power generation systems and equipment; gas-to-power systems and equipment; agribusiness; agricultural equipment; automobiles/trucks and automotive parts; aircraft/aviation; construction equipment;  medical equipment, accessories, and services; telecommunications equipment; software; data management systems; computers and peripherals; and logistics.  

Offshore oil and gas discoveries mean Senegal will continue to attract foreign interest and investment in the sector.  Revenue from first gas is expected in 2024 from the Grand Tortue Anaheim (GTA) offshore gas field straddling the border with Mauritania.  The GTA field, operated by BP, contains an estimated 25 trillion cubic feet of natural gas, and Senegal has plans to become a major Liquified Natural Gas hub.  The Sangomar oil field near Dakar, operated by Woodside (Australia), is also expected to produce its first oil in 2024.  Senegal has a licensing round in progress for additional deep-water blocks as of September 2023.

Senegal is seeking to replace existing heavy fuel oil and diesel-run plants with natural gas-powered plants (initially from imported LNG but eventually from local sources), and renewable sources.  Senegal’s installed capacity is presently 1,431 megawatts (MW).

Major infrastructure projects include the development of a new city in Diamniadio near Dakar, healthcare and hospital upgrades, toll road development, electrical power line and distribution upgrades, fiber optic cable landings and extensions, and carrier-neutral datacenters.  Construction activities fuel demand for construction equipment, particularly re-conditioned equipment.  

Key commercial opportunities in the agricultural sector include farming equipment, expanded irrigation systems, postharvest handling systems, storage, and silo facilities.