Japanese real estate and construction company JP Building opened its new Bangladesh chapter "JP Build BD Co", through which the realtor plans to invest $20 million or Tk 216 crore in the local market in the next three years.

JP Build BD Co will provide Bangladesh's real estate sector with construction solutions and sophisticated technology, JP Building said in a statement today.

Japanese Ambassador to Bangladesh Iwama Kiminori and JP Build BD Co Ltd's Chairman Akio Yamamoto inaugurated the company and its first product Nippon elevator at a programme in Dhaka on May 21.

JP Build Company entered into the real estate and construction business in Japan in 2018 and the company's core strength is its quality products and use of modern technology in construction, according to the statement.

JP Build extends services related to solar power plant, eco energy power generation facilities, real estate business and consultation services along with construction work.

JP Build BD Co Ltd will play a special role in the development of Bangladesh's economy and manpower, Yamamoto said at the opening ceremony.

"We will support the construction of modern and earthquake resistant buildings by using skilled workers and modern technology from Japan. We want to be a part of digital Bangladesh through new technology."

"Japan has always been interested in being a partner in development work with Bangladesh," the Japanese ambassador said at the event.

"During the visit of Prime Minister Sheikh Hasina to Japan, my task was to make as many Japanese investors as possible interested in working in Bangladesh."

Md Amin Helaly, vice president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI); Susumu Saki, chairman of JBS Holdings Limited; Md Iqbal Hossain Chowdhury, director of FBCCI, and Kamal Chowdhury, CEO of JBS Holdings Limited, also attended the programme.