The Bangladesh Army Welfare Trust was established in June 1998. In 1999, the trust established Trust Bank Limited. The BBC estimated the commercial enterprise of the Bangladesh Army to be over 30 billion taka. In 2009, the trust provided 40 percent of the funding for
Dhaka Metro Rail. The trust started a bus service in 2014. The trust owns the
Radisson Hotel in
Dhaka and
Chittagong. The land for the hotel was leased to the trust by the Bangladesh Army for a relatively low price. The hotels are owned by Sena Hotel Developments Limited which is a subsidiary of the trust and
Sena Kalyan Sangstha. The BBC did a 9-part documentary called
Probaho that examined military commercial ventures including those of the trust. Mongla Cement is owned by the trust. The director of the trust is a director of
Bangladesh Army University of Engineering & Technology. In December 2020, Bangladesh Army Welfare Trust signed a billion dollar agreement with Singapore-based Raffles Infrastructure Holdings and Cupertino Power Limited, based in Bangladesh, to develop a residential area in Baunia called Trust Green City. It will be near
Mirpur DOHS and
Uttara Thana. It signed an agreement with
Sikder Group to build a luxury resort in
Bandarban which will destroy six villages of the Mro tribe and violate local laws. Bangladesh Army Welfare Trust signed an agreement with Eleris Energy Limited, a United States-based company, to build a solar energy power plant in February 2022. Brigadier General Abul Mansur Md Ashraf Khan, managing director of Bangladesh Army Welfare Trust, signed the agreement on behalf of the trust. == Businesses ==