Senegal is seeing increased foreign investment in lasting development, particularly in the Dakar region [[1]]. Casaorascom’s “Green City” project, a $1.25 billion USD undertaking near Lake Rose,is the latest example of this trend,signaling a bet on Senegal’s growing real estate market [[3]]. The development aims to bolster both infrastructure adn tourism in the West African nation while also contributing to a larger push for eco-friendly building practices [[2]].
DAKAR, Senegal — An ambitious real estate project dubbed “Green City” is underway near Senegal’s Lake Rose, with an estimated cost of 761 billion CFA francs (approximately $1.25 billion USD). The development, launched by Casaorascom, aims to create a sustainable urban center in the West African nation.
The project represents a significant investment in Senegal’s infrastructure and tourism sectors. Lake Rose, known for its pink hue caused by a harmless algae, is a popular destination for tourists and a key location in the Dakar Rally.
Details regarding the specifics of the “Green City” development, including housing, commercial spaces, and environmental initiatives, have not been widely released. However, the substantial financial commitment suggests a large-scale undertaking. The move underscores a growing trend of sustainable development projects across Africa.
Casaorascom has not yet announced a completion date for the project. Further information will be reported as it becomes available.
