KUALA LUMPUR, April 29 — Malaysia has secured a RM2.9 billion housing project for 12,000 apartment units in Bangladesh.
Special Envoy to India and South Asia, Datuk Seri Utama S. Samy Vellu, received the provisional letter of award from Bangladesh Housing and Public Works Minister Mosharraf Hossain in Dhaka today.
The project will be carried out by a Malaysian consortium of Gemilang Land Development Sdn Bhd and ALM Builders Sdn Bhd under a government-to-government cooperation between Putrajaya and Dhaka.
The Malaysian companies will invest, with the profits coming from the sales of the units.
The project is expected to be completed in 30 months using the industrialised building system, which Malaysia will introduce in Bangladesh. — Bernama
