2024 GPP Program Introduction: Record-Breaking Scale
The 2024 Global Procurement Partnership (GPP) is an annual program administered by Korea's Public Procurement Service that invites public procuring agencies from 15 countries across Asia and Africa — including Bangladesh — and matches them with Korean companies. In 2024, the program expanded substantially to its largest scale on record: 15 participating countries (up from 8), 35 invited procuring agencies (up from 20), and 120 Korean participating companies (up from 80).
Bangladesh sent 5 key procuring agencies (PGCB, BPDB, BEZA, BR, and LGED) to hold consultations with Korean companies in the power, infrastructure, special economic zone, railways, and local infrastructure sectors. The combined planned procurement of these 5 agencies for 2024 amounts to $4.45B — making this the best opportunity to enter Bangladesh's public procurement market. In 2024, the introduction of an AI-based pre-matching system and a dedicated follow-up team is expected to significantly improve outcomes.
Detailed Profiles of 5 Invited Bangladesh Agencies
The 5 Bangladeshi agencies invited to the 2024 GPP are core institutions that delivered strong follow-up results from the 2023 GPP and have large-scale procurements planned for 2024–2025. Each agency shared detailed project briefs for upcoming 2024–2025 tenders in advance to make consultations more concrete.
| Agency | Sector | 2024 Procurement Plan | Key Project | Consultations | Korean Track Record |
|---|---|---|---|---|---|
| PGCB | Transmission & substations | $900M | 5 new 400kV substations | 25 sessions | Korea Cable $45M award |
| BPDB | Generation & distribution | $1.3B | LNG terminal-linked power generation | 30 sessions | Korea E&C $120M |
| BEZA | Economic zones | $500M | Mirsarai Phase 2 infrastructure | 20 sessions | New entry opportunity |
| BR | Railways | $1.1B | Dhaka–Cox's Bazar high-speed rail | 15 sessions | EDCF tied aid possible |
| LGED | Local infrastructure | $650M | Climate-adaptive roads | 15 sessions | Suitable for SMEs |
2024 Program Improvements
The 2024 GPP incorporated feedback from 2023 participating companies and procuring agencies, making significant improvements across 3 key areas of the consultation process. The core innovations are AI pre-matching, video pre-consultations, and a dedicated follow-up team.
2024 GPP Application Guide
| Product Category | PGCB | BPDB | BEZA | BR | LGED |
|---|---|---|---|---|---|
| Power Equipment (transformers, cables) | ◎ | ◎ | ○ | ○ | △ |
| Generation Equipment (turbines, boilers) | △ | ◎ | △ | △ | △ |
| Infrastructure Equipment (excavators, cranes) | △ | △ | ◎ | ○ | ◎ |
| Railway Equipment (signaling, track) | △ | △ | △ | ◎ | △ |
| ICT & Automation Systems | ○ | ○ | ◎ | ○ | ○ |
| Water Treatment & Environmental Equipment | △ | △ | ○ | △ | ◎ |
| Medical Devices | △ | △ | △ | △ | △ |
2024 GPP Full Process
Contract Win Strategy by Sector
| Stage | Preparation Item | Deadline | Responsible | Notes |
|---|---|---|---|---|
| Pre-Application | Write English company profile (3 A4 pages) | Before April announcement | Company | Agency-specific tailoring recommended |
| Pre-Application | Compile similar track records in English (past 5 years) | Before April announcement | Company | Include amounts and procurer names |
| After AI Matching | In-depth analysis of assigned agencies | May | Company | Review project briefs carefully |
| Before Video Consult | Write agency-specific proposal PPT | June | Company | Within 10 slides |
| Before Main Consult | Prepare local partner agreements | Before July | Company | JV and agent as bonus points |
| Day of Consultation | Send thank-you email (English) | Same day | Company | Include consultation summary |
| Within 3 Days | Send written responses to Q&A | 3 days after | Company | Include all unanswered items |
| Within 1 Month | Participate in dedicated team video meeting | August | PPS | Target MOU signing |