NEPAL > World Bank and the Government of Nepal signed three financing agreements for $440 million to invest in the country’s post-earthquake housing reconstruction, livestock innovation, and technical education and vocational training

World bank logo For the country’s post-earthquake housing reconstruction, livestock innovation, technical education and vocational training, the Government of Nepal and the World Bank have singed three financing agreements for $440 million. According to World Bank Country Director for Bangladesh, Nepal and Bhutan, Qimiao Fan: “These three agreements are important for Nepal because they boost job creation, including for many women, by investing More …

NEPAL > Chinese Hongshi Holding Group invests $ 251 million to open a cement factory in Nepal

hongshi logo photoshop Honshi Holding Group invests $ 251 million to form a joint venture with Nepali cement company Shivam Cement to establish a cement factory to produce 6,000 tons per day and will ultimately upgrade it to 12,000 tons per day. Jointly known as the Hongshi Shivam cement, the total investment will be $359 million and is expected to start operation within More …

NEPAL > IFC and FMO invests US$ 5.5 MM on Fairfield Marriott Hotel

MarriottInternational.svg The International Finance Corporation (IFC) and FMO (a Dutch development bank) together have invested $5.5 million to develop Fairfield Marriott in Thamel, at the heart of the city of Kathmandu. IFC and FMO will be splitting their investment ($2.75 million each) into the company called Nepal Hospitality and Hotel Pvt Ltd. which will be operating the three-star mid market hotel with More …

NEPAL > Marriott International to open four-star hotel in Nepal

MarriottInternational.svg USA based hospitality company Marriott International and MS Group to open four-star hotel in Kathmandu, Nepal with an investment of around $5.9Mn. MS Group has signed an agreement with a Marriott International to open, Fairfield by Marriott Kathmandu. The Thamel, Kathmandu based hotel will be 10-storey hotel with 108 rooms. Marriott will help MS Group with the management of the More …

NEPAL > Bangladesh based FNF fashion to set up garment factory in Nepal

garment Bangladesh based FNF fashion has announced that it is establishing a large scale garment factory in Nepal with a goal of exporting to markets of the United States and Europe. Recently, duty-free facility was extended by the US in 66 Nepali products, including garment and apparel. The initial investment of the company is US $50,000 and currently it has been running a More …