Why Participate in 28th Build Bangladesh International Expo 2023?
The World Bank estimates that Bangladesh must spend $7.4 billion to $10 billion a year to bring its power grids, roads, and water supplies up to the standard needed to serve its growing population.
The construction sector is playing an increasingly strong role in the economy amid continued urbanization and an array of large infrastructure projects undertaken by the government. It is one of the 15 major sectors that contribute to the gross domestic product (GDP).
On December 21, 2021, the World Bank approved $500 million to help Bangladesh expand and modernize the electricity distribution system and support the sustainable transformation of its electricity system.
According to our latest business environment rankings, Bangladesh is ranked 80th out of 81 countries on this metric, with a score of 2.3 out of 10 in 2016‑20.
Cement consumption grew 12 percent in 2018, way ahead of 8 percent to 10 percent average annual growth recorded in the last decade.
Infrastructure enhancements will underpin growth in Bangladesh. The Economist Intelligence Unit expects the completion of a raft of infrastructure projects to bolster the country’s economic prospects.
Power and Electricity consumption has increased in line with the rise in capacity. Domestic and industrial sectors are the key power demand drivers in the country.
We expect the physical infrastructure of the country to undergo major improvements in the coming years, and forecast its global ranking to improve to 70th in 2021‑25, on the back of an increase in the score to 4.5
Since the early 2010s a combination of greater political will to invest in infrastructure, rapid economic growth and the availability of funding have put a number of big-ticket projects on track.
Bangladesh is one of the fastest growing economies in South Asia with a progressive economy has grown at an annual rate of around 6%. The Government of Bangladesh now promise to achieve the status of a ‘middle-income country’ by 2021 and that of a ‘High Income Country’ by 2041.