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Bangladesh Economic & Infrastructure Development - Updates & Discussions

Does the figure include things like social security/pension payments, and etc?

Yes. But, it varies according to private firms. Most big private companies have good benefits as well as bonuses but its not mandatory, while government sectors are required to pay pensions and such.
 
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Yes. But, it varies according to private firms. Most big private companies have good benefits as well as bonuses but its not mandatory, while government sectors are required to pay pensions and such.
Are there any Chinese expats working in Bangladesh?
 
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Are there any Chinese expats working in Bangladesh?

Yes, quite a few. Outside of people from other parts of South Asia, Chinese and Koreans are the most common expat population. You can always see some Chinese or Korean individuals in Dhaka or Chittagong.
 
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Yes, quite a few. Outside of people from other parts of South Asia, Chinese and Koreans are the most common expat population. You can always see some Chinese or Korean individuals in Dhaka or Chittagong.
Any names of what companies moved there? I heard of a number individuals who commute to Dhaka for engineering contracts setting up factories, but those keep very low profile, and don't want to talk.
 
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Any names of what companies moved there? I heard of a number individuals who commute to Dhaka for engineering contracts setting up factories, but those keep very low profile, and don't want to talk.

Most Chinese business people are mainly in the textile/garments or niche sectors until recently, as well employees of Chinese, multinational and local engineering and finance sectors. I don't know a lot of individual names but the number of companies present is 400-500, which is likely to triple or quadruple in the next decade due to rising wages in China and PTA with Bangladesh. A lot of major Chinese engineering firms are also present due to projects like the Karnaphuli tunnel and the Padma bridge among others. Since the last half decade, Chinese investors are also diversifying, and I've heard a lot of steel conglomerates are establishing some manufacturing plants in Bangladesh, and Chinese companies in biopharma, cement, power etc are seeing major growth. There are Chinese-exclusive and Japanese-exclusive economic zones being established, on the likeness of Korean zones which have been present since the 70s/80s.

This is the official organization for Chinese investment in the country, and they can likely provide more info: https://bccci-bd.org/
E-Mail: bccci2015@gmail.com
 
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Are there any Chinese expats working in Bangladesh?

Every apparel factory is supposed to have a few QA person of Chinese origin, And the half-dozen Chinese mega projects have thousands of Chinese experts working in those.

Chinese expats are so many, that there are food (vegetables) exclusively grown for Chinese consumption. And that is growing in volume rapidly.

If you go to supermarkets, some cater exclusively to Chinese clientele.
 
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Any names of what companies moved there? I heard of a number individuals who commute to Dhaka for engineering contracts setting up factories, but those keep very low profile, and don't want to talk.

The names of companies are understandably low profile because they don't want to give other Chinese firms the labor cost advantage they themselves have.

There are innumerable smaller Chinese investor-led companies in the apparel, shoes and leather sector present in Dhaka and Chittagong - too many to list.

BIDA has investment details,


Many Chinese cellphone companies have Bangladesh operations to mention just one sector for larger Chinese companies (the same ones that have these operations in India). Huawei, RedMi etc.

For a list of large Chinese investments, look in this KPMG guide, Pg. 37 and 38,

 
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Any names of what companies moved there? I heard of a number individuals who commute to Dhaka for engineering contracts setting up factories, but those keep very low profile, and don't want to talk.
  • There are quite a few common direct air routes to Dhaka from Chinese cities now, of which five years ago had only one route (Guangzhou) and about a hundred people travelling weekly.
  • Now you have daily flights with at least five airlines (three from Bangladesh alone, then Kuwait Airways and China Eastern from Kunming and China Southern from Guangzhou).
  • While most flights are operated from China are with larger narrow-bodies, that from HKG to DAC is operated with a B777-300. China Southern operates a B787-9 depending on heavy demand.
So - long story short, number of Chinese expats traveling to/from Bangladesh to/from China has increased in magnitudes.

Although last year flights were curtailed due to COVID, things are yet to go back to normal.
 
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Story of the Iconic Legacy Tower in Bangladesh
Bangladesh is now walking on its way to build Legacy Tower, the tallest buildings in Asia
Photo: Collected

Photo: Collected

The race to touch the sky, the need to emerge taller, is as old as time. Yet during the past century, we have seen numerous skyscrapers being built. However, all of them are located in other parts of the world. When you think of skyscrapers, the Burj Khalifa, the Shanghai Tower in China, or One World Trade Center in the USA will pop up in your mind. Being said that, Bangladesh is now on its way to build Legacy Tower, the tallest building in Asia.

Background of Legacy Tower
Although the construction was scheduled to begin in 2016, it did not come to fruition. Initially, it was decided that the height would be 142 floors. Since the old plan did not see any shed of hope, the construction started with the new plan.

The idea to make a tall skyscraper in Bangladesh took quite a while to get approval from Rajdhani Unnayan Kartripakkha (RAJUK) and from the Civil Aviation Authority, Bangladesh (CAAB). After several revisions, the project got approval in 2019. Both the Bangladesh government and a private organisation, Powerpac Holdings limited, agreed to invest in the project. PowerPack bought 46.1-hectares of land in 2019 at Purbachal, new town sector 19.

Financials

In 2020 Powerpac managed to secure a $7.7 billion equivalent to Tk600 billion funding from a foreign source. Later they also worked to get an additional $4.3 billion from undisclosed sources. So far, the estimated cost would be Tk 96,000 crore. However, it may increase as the project progresses.

Detail
The legacy tower will be 428 m (1,404 ft) tall, while the tip will be measured at 473 m (1,552 ft) tall. It will have 111 floors in total, and from 96F-111F it will feature a legacy lounge. The lounge will offer a fantastic view of the Purbachal new town from the highest observation deck in Bangladesh as it is going to be Asia's one of the tallest buildings.

The construction has started in October 2020, which is expected to finish in 2027. However, the authority also keeps the scope of extending the finish date.

Design
The legacy tower is a part of the 'Bangabandhu Tri Tower,' which consists of two more skyscrapers beside the Legacy Tower. The other two buildings are the 51-story Language tower and the 71-story Liberation tower. Considering the three towers as hubs, 38 additional buildings will also be built around the Bangabandhu Tri Tower.

It is designed by Heerim Architects. Besides, the Planners of South Korea suggested many unique structural and aesthetic features. The Towers are being constructed jointly by the three different organisations. Among the three, two of them are Bangladeshi, and the other one is from Japan. PowerPac Holding and Shaker Group will join the Kajima Corporation of Japan.

Technologies
The buildings will be able to generate power via solar and from waste energy. However, the three towers will have three different observatory decks, namely Purbachal Eye, Dhaka Eye, and Dhaka Moon.

Surroundings
As mentioned earlier, the Bangabandhu Tri Tower will work as a central part surrounded by several other buildings. However, we have already talked about the Liberation and Language tower.

The whole project is entitled the Purbachal Central Business District (CBD) development. The other buildings will be a part of the CBD project.

However, the additional building will be ranging from 38-40 floors which will include numerous facilities such as-
  • Convention centre: CBD will have a dedicated 45 storied commercial tower which will be 220 m or 720 feet tall. The total area of the convention centre will be 3.6 million square feet.
  • Business Hotel: The 42-floor business hotel will surely entertain foreign delegates and visitors.
  • Commercial zone: A separate commercial zone will also be there, which will have nine floors and an area of 243620 square meters.
  • Grade A Offices: These buildings will be 45 storied with a height of 225 m or 673 feet.
  • Purbachal Infra Zone: The Infra Zone will consist of 10 commercial towers, each of them consisting 42 floors.
  • Residential Zone: The ten residential buildings of 42 floors each will have a height of 170 m or 560 feet.
  • Hospital Zone: A 200-bed hospital also be included in the design.
  • Educational Zone: Schools are a part of the residential area. Therefore, the schooling facility will be located in the residential area.
  • Central Park: Waterfront space, along with the water deck facilities, will be a great source of entertainment for both residents and visitors.
Other Facilities
The authority will implement an underground common duct system to make the water and sewage system convenient. Besides, the electricity and communication lines will also go underground. High tech and modern wall will be established to surround the area, which will serve as a protection boundary and elevated walkway for cycling or jogging.

Additionally, the automated waste management system has also been added to the plan, and the wastages will be discharged in the common ground. However, the project also keeps the proper drainage system in the plan, and heavy rainfall will not be an issue. The intelligent traffic system supplies convenient traffic information so that the residents will not have to face traffic issues.

Approximately 60% of the cost has already been arranged, while two other countries the UAE and the Philippines, are interested in making an investment in Bangabandhu Tri Tower. Many Bangladeshi people may disagree with this project, but the project will lead to building the economic strength of Bangladesh. Besides, the perceptions of Bangladesh will also be bright abroad.
 
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^ They mean South Asia right, there are a handful of buildings taller in the Asian continent.
 
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^ They mean South Asia right, there are a handful of buildings taller in the Asian continent.

Exactly, If built.

Right now everyone in South Asia (except Nepal and the smaller countries) have us beat. Tallest tower we have is 45 floors. There are valid reasons on why we cannot build tall towers. This Legacy Tower will be very expensive as far as piling and footing depths are concerned.

They started construction a few months ago - which will take at least five years, maybe more.

Mumbai has a few dozen 75+ story towers (one 84 stories) but they have not exceeded 1000 feet.

Our legacy tower is kind of baffling...if they are claiming it will be 1400 feet tall with 111 floors.

Currently Colombo Lotus Tower, is 350 m (1,150 ft) tall, is located in Colombo, Sri Lanka, and is the tallest self-supported structure in South Asia.

I don't know details but Karachi, has some tall buildings too, Bahria Icon Tower (62F) building is located in Clifton, Karachi with a height of 320 meters which is as tall as Mumbai's towers.

I guess India's floor heights are lower, or there are TV/Antenna towers at the top on some buildings.
 
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Exactly, If built.

Right now everyone in South Asia (except Nepal and the smaller countries) have us beat. Tallest tower we have is 45 floors. There are valid reasons on why we cannot build tall towers. This Legacy Tower will be very expensive as far as piling and footing depths are concerned.

They started construction a few months ago - which will take at least five years, maybe more.

Mumbai has a few dozen 75+ story towers (one 84 stories) but they have not exceeded 1000 feet.

Our legacy tower is kind of baffling...if they are claiming it will be 1400 feet tall with 111 floors.

Currently Colombo Lotus Tower, is 350 m (1,150 ft) tall, is located in Colombo, Sri Lanka, and is the tallest self-supported structure in South Asia.

I don't know details but Karachi, has some tall buildings too, Bahria Icon Tower (62F) building is located in Clifton, Karachi with a height of 320 meters which is as tall as Mumbai's towers.

I guess India's floor heights are lower, or there are TV/Antenna towers at the top on some buildings.
I think in light of the proposed 8 storey limit it sound awkward. Dhaka must have not 8 storey towers, but 80 to accommodate your population density.
 
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I think in light of the proposed 8 storey limit it sound awkward. Dhaka must have not 8 storey towers, but 80 to accommodate your population density.
If china builds high rise residential buildings in bangladesh, they will earn alots of money.
 
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If china builds high rise residential buildings in bangladesh, they will earn alots of money.
I believe Dhaka will inevitably become something akin to what Tokyo-Yokohama is for Japan given the geography, and economics.

Bangladesh is better to prepare for Dhaka becoming such city, and not swimming against the current, losing money, and steam in economic development.
 
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I believe Dhaka will inevitably become something akin to what Tokyo-Yokohama is for Japan given the geography, and economics.

Bangladesh is better to prepare for Dhaka becoming such city, and not swimming against the current, losing money, and steam in economic development

Eh I wish , the leaders don't care about Dhaka and Dhaka is unplanned as heck and as usual so it'll be hard to develop it
 
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