The cryptocurrency-based futuristic city that Senegalese-American singer, Akon is proposing to build in his home country is already taking shape as the city has already awarded a $6 billion contract to American construction company KE International.
The city development project will be in two phases, with the first phase worth $4 billion expected to be completed in 2023.
“Akon City’s Phase 1 is expected to complete by end of 2023, and will see the construction of roads, a Hamptons Hospital campus, a Hamptons Mall, residences, hotels, a police station, a school, a waste facility and a solar power plant,” a press release read.
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The second phase of the city development is expected to run from 2024 to 2029. At this stage, the city will run exclusively on the AKOIN cryptocurrency.
“Akon City Phase 2 will run from 2024 to 2029 and will end with a complete cryptocurrency City running exclusively on AKOIN cryptocurrency,” the operators revealed.
The singer, Akon also shared the news of the development on his Instagram page.