BD Finance eyes $2b US investment
Signs deal with a company
Bangladesh Finance and Investment Company Ltd (BD Finance) has signed a deal with US-based Sovereign Infrastructure Group (SIG) to attract $2 billion worth of investment in infrastructure projects in the next two years.
BD Finance, a concern of Anwar Group, inked the agreement in Washington on Thursday, according to a joint press release.
The embassy of Bangladesh in Washington hosted the deal signing ceremony to commemorate the execution of a memorandum, which will serve as a long-term collaboration framework intended to enable SIG to bring American capital market investors to infrastructure projects in Bangladesh through BD Finance. This is a commitment for the largest-ever foreign funding brought by a Bangladeshi financial institution, Manwar Hossain, chairman of BD Finance and group managing director of Anwar Group, told The Daily Star on Thursday.