Bangladesh real estate attracts Chinese investors

The 2017 Bangladesh Real Estate Industry Trade Show kicked off in Dhaka on December 21, 2017. The five-day event attracted more than 200 domestic and international real estate developers, building material enterprises and financial institutions. Several Chinese enterprises also participated in the trade show.

In recent years, Chinese enterprises have begun to make their collective presence felt in the building of infrastructure projects in Bangladesh. In August 2017, Beijing Urban Construction Group Co., Ltd. won the bid of a new campus for Brac University in Bangladesh with a total contract value of 87 million US dollars. The project includes a 13-storey modern teaching building. Beijing Urban Construction Group, as the lead enterprise, will form a consortium with several well-known Bangladeshi construction companies to jointly oversee the project.

This year, Southeast Union Ceramics Industrial Co., Ltd, formed by Chinese private enterprises in Bangladesh in 2016, officially went into operation. According to Liu Yu, head of the company, some 60 Chinese technicians and more than 400 local employees are working at the firm’s factory.

The Bangladeshi real estate market promises great potential, but land is expensive and entering the industry can be difficult. At the opening ceremony of the trade show, Tofael Ahmed, Minister of Commerce in Bangladesh, said that an enterprise must become a member of the Real Estate and Housing Association of Bangladesh before entering the country’s real estate industry.

    (Xinhua)

Bangladesh real estate attracts Chinese investors

The 2017 Bangladesh Real Estate Industry Trade Show kicked off in Dhaka on December 21, 2017. The five-day event attracted more than 200 domestic and international real estate developers, building material enterprises and financial institutions. Several Chinese enterprises also participated in the trade show. In recent years, Chinese enterprises have begun to make their collective presence felt in the building of infrastructure projects in Bangladesh. In August 2017, Beijing Urban Construction Group Co., Ltd. won the bid of a new campus for Brac University in Bangladesh with a total contract value of 87 million US dollars. The project includes a 13-storey modern teaching building. Beijing Urban Construction Group, as the lead enterprise, will form a consortium with several well-known Bangladeshi construction companies to jointly oversee the project. This year, Southeast Union Ceramics Industrial Co., Ltd, formed by Chinese private enterprises in Bangladesh in 2016, officially went into operation. According to Liu Yu, head of the company, some 60 Chinese technicians and more than 400 local employees are working at the firms factory. The Bangladeshi real estate market promises great potential, but land is expensive and entering the industry can be difficult. At the opening ceremony of the trade show, Tofael Ahmed, Minister of Commerce in Bangladesh, said that an enterprise must become a member of the Real Estate and Housing Association of Bangladesh before entering the countrys real estate industry. (Xinhua)