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Bangladesh and KOICA Ink $13m Grant Agreement to Foster AI Technology Experts

Bangladesh and the Korea International Cooperation Agency (KOICA) have signed a $13 million grant agreement to develop AI technology experts.

By Staff Correspondent
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BSS

In a significant move to bolster its technological capabilities, Bangladesh has signed a $13 million grant agreement with the Korea International Cooperation Agency (KOICA). The agreement, aimed at developing innovative technology experts with a focus on artificial intelligence (AI), was signed at a ceremony in Dhaka today. The project, titled 'Fostering Innovative Technology Experts with a Focus on Artificial Intelligence (AI) in Bangladesh,' will be implemented by the Bangladesh Hi-Tech Park Authority under the Information and Communication Technology (ICT) Division.

The grant will be utilized to build a strong foundation of AI knowledge and skills among Bangladeshi technology professionals. This initiative is expected to meet the growing demands of the rapidly evolving global IT industry. The project, set to run from 2026 to 2029, will promote innovation by strengthening collaboration between industry and academia. It will also enable technology professionals to apply advanced technologies to real-world problems.

According to a press release issued by the Economic Relations Division (ERD), the initiative will encourage the application of AI-based solutions to address local and national challenges, contributing to Bangladesh's sustainable economic growth. The project will enhance the employability and job opportunities of Bangladeshi professionals both at home and abroad, including in the Republic of Korea, through advanced technical training and industry-oriented capacity development.

ERD Secretary Md Shahriar Kader Siddiky and ICT Division Secretary Md Mamunur Rashid Bhuiyan attended the signing ceremony along with senior officials from Bangladesh and KOICA. Masuma Akter, Additional Secretary and Wing Chief (Asia, JEC and F&F) of ERD, signed the Record of Discussion (RoD) and Terms of Reference (TOR) on behalf of the Government of Bangladesh, while KOICA Country Director Jihoon Kim signed on behalf of the South Korean agency.

The project is expected to strengthen Bangladesh's AI ecosystem by developing skilled professionals and fostering stronger links between academia and industry. This collaboration with KOICA underscores the commitment of both nations to advance technological innovation and expertise in the field of AI.

Source: BSS

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