Ahmed Akbar Sobhan Inaugurated ‘Japan Street’

Ahmed Akbar Sobhan

A major road in Bashundhara Residential Area of Dhaka city has been named ‘Japan Street’ as a mark of respect for the country.

This is for the first time a road of Bangladesh has been named after its largest development partner Japan.

Japanese Ambassador to Bangladesh Naoki Ito and Bashundhara Group Chairman Ahmed Akbar Sobhan jointly inaugurated ‘Japan Street’ on Block-I in the residential area amid applause from residents and dignitaries on Tuesday.
Bashundhara Group Co-chairman Sadat Sobhan Tanvir was also present on the occasion.

“As far as I know, there was no road named after Japan in Bangladesh. This is for the first time a street has been named after Japan. I am very happy and feel honoured with this wonderful gesture,” said the Japanese envoy while inaugurating the road.

Speaking on the occasion, Bashundhara Group Chairman Ahmed Akbar Sobhan said Japan is the greatest friend of Bangladesh for the last 50 years. “We hope Japan will remain our greatest friend forever.”

Talking about the prospect of the real estate sector, he said, “We are very happy because our Prime Minister Sheikh Hasina has given loan facilities to more than 1.4 million government officers at 5 percent interest rate and repayment in 20 years. This is an ample opportunity to invest in the real estate sector.”

Ahmed Akbar Sobhan lauded the government for taking an appropriate policy to grow investment and business in the country.

He said Bashundhara is the country’s only residential area where nobody will find any indiscipline, irregularities and any kind of disturbance.

“But, a section of people are not happy with this discipline as none is allowed here to create any nuisance. We are serious about safety and security of the residents living in Bashundhara,” he said.

The Bashundhara Group chairman requested the Japanese ambassador to take an initiative to invest in the real estate sector, particularly targeting the 1.4 million government officials, who are getting loan at 5 percent interest rate.

He suggested that the Japanese ambassador pursue the JICA to invest in the real estate sector, which will be helpful for sustainable growth in Bangladesh.

He said the JICA is investing in many infrastructure projects in Bangladesh. “Japan is a great partner of Bangladesh’s socio-economic development.”

The Bashundhara Group chairman also said he does not usually participate in any inaugural session, but when he heard about Japan he expresses his interest.

He invited Japanese investors to come to Bangladesh and make investment in Bashundhara and his company will extend all-out support to make their initiatives a complete success. The middle-income group of Bangladesh is very much interested in apartment life and there is a big demand for apartment, he mentioned.

Ahmed Akbar Sobhan also invited the Japanese Ambassador to come to Bashundhara every morning and walk along the Japan Street. ‘It’s your street,” he told Ambassador Naoki Ito.

In response to the Bashundhara Group chairman’s remarks, the Japanese envoy assured him that he would pursue the Japanese investors to invest here for the benefits of both countries.

The programme was addressed, among others, by Chairman of James Group and Managing Director of JCX Development Ltd Iqbal Hossain Chowdhury, former FBCCI Presidents Abdul Awal Minto and Abdul Matlub Ahmad, former Deputy Governor of Bangladesh Bank Murshid Kuli Khan and woman entrepreneur Tania Haq.