Prime Minister Sheikh Hasina has approved a proposal to build a 142-storey ‘Iconic Tower’ in Purbachal near the capital city Dhaka, Finance Minister AMA Muhith said.
The minister made the statement while talking to the Dhaka Tribune at his secretariat office on Tuesday.
Burj Khalifa, standing at over 828 metres and more than 160 stories, is the tallest building in the world.
With the construction of the Iconic Tower, Bangladesh will have the tallest building in South Asia.
“Number 71 will appear on both the sides of the iconic tower.”
Muhith said the government was scheduled to sign the deal on May 12 but it was postponed as some formalities related to the tower could not be completed on time.
The capital development authority Rajuk has fixed a 60-acre area in Purbachal New City and completed the plan of the tower.
Rajuk has already fixed Tk20 crore per acre of land.
In addition, the tower will be surrounded by some small buildings and other structures will also be constructed around it. The initial estimated project cost will be Tk24,000 crore.
Rajuk officials said stadium and international conventions for exhibitions will be built near the building.
Founder and Chairman of the US-based firm group Dr Kali Pradip Chaudhury, who is of Bangladeshi origin, is in Dhaka to put pen to paper.
In the 2016-17 budget speech, Muhith had said the centre’s main auditorium would accommodate 5,000 people, while the main stadium of a sports complex would have a seating arrangement for 50,000 people.
“Once implemented, the project will facilitate trade and commerce, create job opportunities and result in economic vibrancy benefiting all,” he said.
In the budget speech, he also hoped to complete construction by 2018.