Original disclosure @ IFC website
Updated in EWS Feb 6, 2019
Disclosed by Bank Feb 4, 2019
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This project is sponsored by Construct Ltd (‘’Construct’’ or the “company”), a leading, family-owned property construction and management business company established in 1991. The proposed loan to Construct of US$ 2 million will finance the development of Tropic, a 3-storey commercial center in Gambia on a 3,200 sq.m site. This center will house a 2,000 sq.m experienced and reputable anchor tenant, several local tenants and a food court, some entertainment areas (645 sq.m of cinemas) and an underground 96-parking lots in addition to 2,050 sq.m. office space (“Tropic” or the “project”). Construction of the commercial center has started in 2015 and is currently 80% complete. The center is expected to be ready during the first semester of 2019. The project is located on a 30-year leased parcel owned by the Gambia Tourism Board in Banjul. The site is set in modified habitat in an urban setting.
Construct Ltd (‘’Construct’’ or the “company”) is a leading, family-owned property construction and management business company established in 1991.
Contact Person: Fara Shams, Managing Director
Company Name: Construct Ltd.
Address: 59, Mamadi Manjang Highway, Kanifing, Serrekunda, The Gambia
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