UAE, Philippines to investment in CBD project at Purbachal new town


27th February, 2020 09:36:03 printer

UAE, Philippines to investment in CBD project at Purbachal new town

Investors from the United Arab Emirates (UAE) and Philippines have expressed their keen interest to invest in the Central Business District (CBD) project in Rajuk’s Purbachal new town.

A consortium of PowerPac Holdings Limited and Kajima Corporation has been implementing the project. PowerPac is a concern of local conglomerate Sikder Group.

The investment offer came from Sheikh Ahmed bin Rashid Al Nuaimi, the brother of the Crown Prince of emirate of Ajman of UAE, during a meeting in UAE with Sikder Group’s managing director Ron Haque Sikder, said a press release.

.Sheikh Marwan bin Mohammad bin Rashid and Maktaum’s business director Aref Ahmed Al Zarwini was also present in the meeting.

Ron Hoque Sikder also had a meeting with Chavit Singson, Mayor of Narvacan of Manila and a Pilipino businessman in Manila recently where the CBD project received investment offer.

The CBD project will have a total of 41 skyscrapers, including a 473-metre tall 111-storey iconic Legacy Tower, 71-storey Liberty Tower and 52-storey Language Tower to accommodate business houses. The three towers were named as Bangabandhu Tri-tower.

Of the other skyscrapers, each will have a height equivalent to a 40-storey building while the project will have an investment of Tk 96,000 crore of which Tk 60,000 crore investment has already been obtained.