Landmark agreement between KOICA, ICT Division/MOPTIT, and ERD paves the way for a new AI-Hub Center at Software Technology Park-2, Dhaka, to build Bangladesh's AI talent pipeline and strengthen Bangladesh-Korea cooperation
The Korea International Cooperation Agency (KOICA), the Information and Communication Technology Division (ICT Division) under the Ministry of Posts, Telecommunications and Information Technology (MOPTIT) of the People’s Republic of Bangladesh, and the Economic Relations Division (ERD) of the Ministry of Finance today announced the signing of the Record of Discussion (RD) for the project “Fostering Innovative Technology Experts with a Focus on Artificial Intelligence (AI) in Bangladesh,” widely known as the AI-Hub Project, a press release said.
The signing formalizes a landmark grant aid initiative valued at USD 13 million, extended by the Government of the Republic of Korea through KOICA, and marks a major milestone toward establishing a state-of-the-art AI-Hub Center at Software Technology Park-2 (STP-2) in Kawran Bazar, Dhaka. The Project will be implemented by the Bangladesh Hi-Tech Park Authority (BHTPA) under the ICT Division/MOPTIT, in close partnership with KOICA and ERD, and is scheduled to run from 2026 to 2029.
The signing ceremony was held in Dhaka and attended by senior representatives of the signatory institutions, along with officials from the ICT Division, ERD, and BHTPA. The event followed a series of in-depth discussions between the Government of the Republic of Korea and the Government of the People’s Republic of Bangladesh, and represents a key step in translating the two countries’ shared commitment to technology-driven development into concrete action.
