A $24M Cloud Price $6M: How Bangladesh’s Oracle Deal Backfires

The deal, signed in April 2024, dedicated BDCCL to strict cost phrases, expensive import obligations and repair clauses that officers perceived as “restrictive” and prevented the corporate from providing cloud capability to residential clients

When Bangladesh signed a three-year, $18 million take care of US expertise agency Oracle to construct a “devoted nationwide cloud”, it was introduced as a cornerstone of the then Awami League authorities’s Sensible Bangladesh imaginative and prescient.

Eighteen months later, the venture is on the heart of a rising controversy. Inner paperwork and authorities letters reviewed by TBS present that the state-owned Bangladesh Knowledge Heart Firm Restricted (BDCCL), which operates the system, spent almost $24 million together with taxes and import duties…