The international leaders have expressed their commitment to promote use of environment friendly materials in construction across the globe to present greener world for the posterity, reports BSS.
"At the end of our three-day high level Convention of International Federation of Asian and Western Pacific Contractors' Associations (IFAWPCA) in Bangladesh where we have shared our experience took a pledge to build a greener world for our posterity," the incoming president of IFAWPCA Herman H M Chen told BSS today.
The three-day convention, hosted by Bangladesh Association of Construction Industry (BACI) that ended on Saturday were participated by 270 construction experts and entrepreneurs including 220 foreigners from its 16 member countries.
The leaders of BACI, the local member of IFAWPCA, hoped that Bangladesh would witness huge volume of foreign investment in the construction sector as a follow up of this high level convention.
"After the convention we expect significant foreign investment will come to the country as the participated foreign delegates have shown their keen interest in investing here," the out-going IFAWPCA President Engr Aminul Islam told BSS.
The convention helped to change the mindset of the prospective foreign investors who had no ideas about various existing investment opportunities in Bangladesh, he added.
Aminul said, a lot of small-scale construction projects were being undertaken here which had a lot of potential for the foreign investor.
"We may expect foreign investment in urban road construction to reduce the traffic congestion in the city," he said.
The member countries of IFAWPCA are Australia, Bangladesh, Thailand, Hong Kong, India, Indonesia, Japan, South Korea, Maldives, Taiwan, Malaysia, Nepal, New Zealand, Philippines, Singapore, Sri Lanka.
At the end of the convention, the builders of the 16 countries gave commitment to use environment-friendly quality construction materials at any development work for a greener world.
The out-going general secretary of IFAWPCA Engr Mir Zahir Hossain said, the convention would encourage all the builders residing in the IFAWPCA member countries to carry out construction work in a more eco-friendly manner.
In the sideline of the convention, BACI organised a three-day international construction exhibition at Sheraton Hotel to showcase the activities and achievements of the local construction firm in the infrastructure development of Bangladesh.
The convention also decided that the 38th IFAWPCA convention will be held in Taiwan on April next year.
Significant foreign investment in construction sector likely
FE Team | Published: March 09, 2009 00:00:00 | Updated: February 01, 2018 00:00:00
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