Dakar 2026 is betting on private investment for its Youth Olympic Games

by time news

2024-07-24 22:05:14

Being in Paris, Bassirou Diomaye Faye, President of Senegal, is participating in the sports forum for sustainable development. Senegal will organize the Youth Olympic Games (YOG) in 2026. The Olympics are the first for the African continent. The challenge is great and Dakar is banking, like Paris, on private investment.

The organizers of Dakar 2026 played VRP in Paris, to get good ideas, to get support, and above all to find investors. They are primarily in green living, creative industry and new technologies. Bakary Sega Bathily, the new director general of APIX, the Agency for the Promotion of Investments and Projects, follows the new government’s line: ” Fewer gifts, more fellowship, less debt, “better status”, that’s it ».

Private partners like gambling

It depends on private investment for a potential economic benefits. « The organization of sports events is once again the largest share, up to 50%, of revenues in the sports sector.. Today, the State of Senegal decided to launch several sports infrastructure projects and community complexes. We are expecting many investments because there are models that have been developed here. There are already Senegalese investors. There is a Dakar Complex urban project in Diamniadio with an investment of 50 million euros which is ongoing. We are waiting for this kind of investment and I think that here, in Paris, we will be able to find good partners », he assured.

It is not clear the fall

However, it reaches 80% of private investments Paris 2024 East” illusion “For Gérard Akindes, a professor of sports management, he worked especially for the organization of the last World Cup Qatar. According to him, the YOG may make it possible to speed up some infrastructure, such as roads and transport in particular, but the positive effects for the people are difficult to establish. ” An event that gives positive visibility to the continent… yes, we appreciate it, but will it make the Senegalese live better? asked the former Benin basketball player. These are the biggest challenges. However, we are two years from the event and all this work has not been established. It is difficult because Senegal is entering the competition. All the powers, all the resources will be concentrated on the Games, everything around which could have had a positive impact on the Senegalese society will not be much anymore because the games must be delivered. ».

There is a delay in the search for investors, according to the new general manager of APIX, the importance of the work of the old group. However, he assured that works such as the renovation of the Iba Mar Diop Stadium will be delivered on time.

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