Massive foreign investment ahead for Senegal?

From the pages of the OTAL shipping line we have this:

"An eight-fold increase in foreign direct investment in Senegal by 2010 through major infrastructure and mining projects could help lift economic growth over 7% a year, according to the IMF. With steel giant Arcelor Mittal planning a $2.2 billion iron ore mine investment and Dubai entrepreneurs pouring money into a new port and economic free zone, the IMF expected foreign investment to rise from 47 billion CFA francs [$106 million] in 2006 to at least 367 billion CFA in 2010.

Alex Segura, IMF representative in Senegal, said the multilateral agency forecast a medium-term growth rate for the poor West African country of 5.5 percent a year, but this could be sharply higher if proposed foreign investments went ahead.
Economic growth dipped to 2% in 2006 due in part to a long break in production at Senegal's struggling state-run phosphates producer ICS -- the country's largest exporter. In a strong endorsement of President Abdoulaye Wade's economic management, the IMF board officially agreed with Senegal a Policy Support Instrument [PSI] with the IMF at the start of this month. It was the first francophone country in Africa to reach such a deal. "