6th February 2019

Summit Corporation joins Forum Member Community of the World Economic Forum

February 6, 2019 (Dhaka, Bangladesh): Summit Corporation, as the first Bangladeshi firm since 2008, joins the Forum Member community of the World Economic Forum. The Forum Member community represents outstanding group of firms that count among the world’s top innovators, market shapers, disrupters, niche market leaders and regional champions. They are businesses of growing influence that continue to help growing economies thrive, contribute to societal prosperity and are transforming into global leaders in their industries and regions.

 

The Founder Chairman of Summit Group Muhammed Aziz Khan stated, “Bangladesh and other developing countries require investments in infrastructure, to create employment and eradicate poverty. I believe Summit’s membership will give us and the Forum members, opportunity to understand this need and ways to fulfill this need.”

 

The Honorable Prime Minister of Bangladesh Sheikh Hasina has been among the world leaders who has participated in the World Economic Forum and was a Co-Chair at the Sustainable Development Impact Summit 2018 of the World Economic Forum in New York.

 

About the World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971 and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.

 

About Summit Corporation

Summit is the largest infrastructure conglomerate and largest independent power producer (IPP) in Bangladesh. The industries under this conglomerate include communication, trading, energy and power, shipping. Currently Summit owns 20 operational power plants in the country with an aggregated installed capacity of 1,941 MW, comprising of 21 per cent of Bangladesh's total installed capacity in private sector. Recently, Summit have taken up US$ 3 Billion investment with GE and Mitsubishi. Summit is the first Bangladeshi company in private sector to build Floating Storage and Regasification Unit (FSRU) terminal in Moheshkhali, Cox’s Bazar. Summit was awarded the Best Private Power Generation Company of Bangladesh five times in a row.


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