• Source: Bangladesh Army Welfare Trust

Bangladesh Army Welfare Trust is a trust owned and operated by the Bangladesh Army. It owns a number of businesses including hotels, gas stations, and golf clubs. In 2021, The Economist placed the value of the trust holdings at US$700 million.




History


The Bangladesh Army Welfare Trust was established in June 1998. In 1999, the trust established Trust Bank Limited. The BBC estimated the commercial enterprise of the Bangladesh Army to be over 30 billion taka. The trust was founded to look after the interests and welfare of retired military personnel. The organizations under the trust include hotels, golf clubs, filling stations, Trust Bank Limited and shopping complex. In 2009, the trust provided 40 percent of the funding for Dhaka Metro Rail.
The trust started a bus service in 2014. The trust owns the Radisson Hotel in Dhaka and Chittagong. The land for the hotel was leased to the trust by the Bangladesh Army for a relatively low price. The hotels are owned by Sena Hotel Developments Limited which is a subsidiary of the trust and Sena Kalyan Sangstha.
The BBC did a 9-part documentary called Probaho that examined military commercial ventures including those of the trust. Mongla Cement is owned by the trust. The involvement of the trust and the Bangladesh Army in business has faced criticism. The director of the trust is a director of Bangladesh Army University of Engineering & Technology.
In December 2020, Bangladesh Army Welfare Trust signed a billion dollar agreement with Singapore-based Raffles Infrastructure Holdings and Cupertino Power Limited, based in Bangladesh, to develop a residential area in Baunia called Trust Green City. It will be near Mirpur DOHS and Uttara Thana. Astha Life Insurance Company Limited was launched in 2020. It signed an agreement with Sikder Group to build a luxury resort in Bandarban which will destroy six villages of the Mro tribe and violate local laws.
Bangladesh Army Welfare Trust signed an agreement with Eleris Energy Limited, a United States-based company, to build a solar energy power plant in February 2022. Brigadier General Abul Mansur Md Ashraf Khan, managing director of Bangladesh Army Welfare Trust, signed the agreement on behalf of the trust.




Businesses


Trust Innovation Limited
Jol Torongo-Laboni Beach
Mongla Cement Factory
Trust Bank Limited
Astha Life Insurance Company Limited
Trust Green City
Trust Overseas Recruiting Agency
Radisson Blu Dhaka Water Garden
Radisson Blu Hotel, Chittagong
Army Shopping Complex
Sena Hotel Development Limited
Sena Filling Station
Trust Filling and CNG Station
Sena Kunjo
Sena Maloncho
Trust Transport Services
Jolshiri Abashon
Trust Securities
Bay Watch (Under Construction)
Kurmitola Golf Club
Savar Golf Club
Taxi service with Toma Paribahan
Projonmo Student Hostel




See also


Sena Kalyan Sangstha
Retired Armed Forces Officer's Welfare Association
Sena Paribar Kalyan Samity




References

Kata Kunci Pencarian:

• Britania Raya
• Bangladesh Army Welfare Trust
• Trust Bank
• Sena Kalyan Sangstha
• List of insurance companies in Bangladesh
• Dhaka Cantonment
• Community Bank Bangladesh
• Yunus ministry
• S. M. Matiur Rahman
• Mukti Bahini
• List of medical colleges in Bangladesh