The government has decided to allow US-based The KPC Group to construct a 130-storey convention centre at Purbachal within two years.
The proposed tallest-ever structure in the country will house a medical school, and there will be a golf court to attract visitors.
Finance Minister AMA Muhith has asked Dr Kali Pradip Chaudhuri, chairman of the company, to complete the soil test of the site.
The decision to construct the mega structure in Purbachal was made at a meeting at the Finance Division’s auditorium on Saturday, with the finance minister in the chair.
Dr Kali Pradip Chaudhuri, a Bangladeshi-origin American businessman, was also present at the meeting.
The KPC Group earlier chose a site in Keraniganj but had to change the plan as experts said the sandy soil of the site was not suitable for the construction of such a skyscraper.
Sources said the Housing Ministry has agreed to give a 60-acre land in Purbachal for the project.
The KPC Group runs numerous businesses in different countries around the world in a range of sectors such as healthcare, pharmaceutical, biotechnology, education, real estate, infrastructure development, agriculture, architecture, alternative energy, waste management, travel services and information technology.