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Building technology and ideas limited (bti), a leading real estate company of Bangladesh and Shimizu Corporation, a Japanese construction company signed an MoU at the bti corporate office recently.
Managing Director of bti, Mr F R Khan and Mr Manabu Hirose, general manager, Bangladesh Branch Office of Shimizu Corporation signed the MoU on behalf of their respective organisations.
The top officials from both the companies were present during the MoU signing ceremony, according to a press release.
“We believe that, this MoU will accelerate our pursuit of excellence and help establish benchmarks in Bangladesh’s real estate sector by broadening the arena with cross-border engagements” said Mr. F R Khan, the MD of bti.
Shimizu Corporation is one of the globally reputed construction and planning management companies and has successfully carried out constructions of several mega projects in Asia.
Recently, they have showed interest to invest in Bangladesh through partnerships with Bangladeshi organisations.
This MoU will benefit both bti and Shimizu in enhancing their technical capacities and financial strength. In addition, it will open a new window for foreign direct investment in the real estate sector of Bangladesh.