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September 27, 2020
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Akon will build a cryptocurrency city in Senegal. The construction company has been awarded a USD 6 billion contract Blocksats

Akon City, a futuristic city to operate based on renewable energy and Akoin cryptocurrency, awarded the $ 6 billion contract to KE International. The first two stages of building the city announced by the famous singer and producer Akon should be completed by 2029.

Akon City awarded the US $ 6 billion contract

Most members of the community considered the rumors of the futuristic cryptocurrency city of Akon a bit sarcastic. However, the singer and producer Akon made this idea real after finalizing the contract earlier this year.

The Senegalese-American star plans to establish the first city that will be entirely based on renewable energy and its own digital currency – Akoin.

Construction of the city will take place on 2000 acres of land handed over to Akon by the President of Senegal. The area is located near the ocean and is relatively close to the new Dakar International Airport.

While initial costs were estimated at around $ 2 billion, today’s announcement talks about a completely different, larger amount.

Akon City awarded the American company a contract for the construction and implementation of the city with a total value of $ 6 billion. Thanks to this agreement, KE International raised $ 4 billion from investors to start the first and second phase of construction.

The architectural designs will be created by Bakri & Associates Development Consultants from Dubai under the supervision of KE International.

Construction time frame

According to the announcement, the first stage of construction of Akon City should be completed by the end of 2023. It includes the construction of roads, hospital campus, shopping center, hotels, residences, school, police station, waste disposal plant and solar power plant.

The second stage should take place over five years, from 2024 to 2029. After its completion, Akon City will operate only using the Akoin cryptocurrency.

The second partner co-creating the futuristic city is Senegal’s state tourist agency called SAPCO. In addition to cooperation in the field of construction procedures, SAPCO will also help in the development of the tourism sector in the region and the country.

The President of Senegal has created a special concession tax zone for the city of Akon to encourage investors to invest.

Would you like to move to such a city?

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