KBC International, a subsidiary of KBC Global Ltd, has entered into an agreement with Liberia SEZ Authority for the development of commercial and residential projects worth USD 12.5 million (around Rs 105 crore).
Liberia SEZ Authority is developing commercial, residential and low-cost housing projects in a special economic zone (SEZ).
The project is expected to commence from Q2 2025 and is expected to be completed within three years, KBC Global said in a statement. This is the second prestigious international order received by KBC Global.
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Liberia Special Economic Zone Authority is an entity established by the Government of Liberia under the Special Economic Zone Act 2017, having its registered office in Liberia.
In June 2024, KBC Global Ltd, through its subsidiary Karda International Infrastructure Ltd, had secured a $20-million civil engineering subcontract in the soft infrastructure segment from CRJE (East Africa) Ltd. CRJE, part of the China Railway Construction Group, has a strong legacy of building railways and five-star hotels across Africa. This contract marks KBC Global’s entry into Africa’s infrastructure development, positioning the company as a key player in the region’s growth.