Senegalese-American singer, Akon announced that Akon City has officially awarded a $6 billion contract to KE International to build and execute his futuristic Senegelese metropolis.
Despite the coronavirus pandemic disrupting the global construction industry, Akon City is reportedly on track to have the first two phases of development completed by 2029, according to a press release statement.
The music icon entered a contract with the United States-based engineering and consulting firm, KE International, earlier this month. KE International generated the initial $4 billion from investors and will use it to finish the first and second phases of construction.
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The first phase is expected to be completed by the end of 2023. It will include the construction of roads, a Hamptons Hospital campus, Hamptons Mall, a police station, a waste facility, a school, and a power plant.
The second will reportedly run from 2024 to 2029 when the city is expected to run exclusively on AKOIN cryptocurrency. The government of President Macky Sall of Senegal has earmarked the city as a special tax zone with tax breaks to be given to the City to encourage investment
Through KE International, Akon City would lead Energy and Environmental Design (LEED) certified city, with operation on 100 percent renewable energy. This makes it the second LEED city in Africa following Mwale’s Mwale Medical and Technology City. The entire construction for Akon City is expected to be finished in 2030.