Personal Statement
Name: Zakir Shah
Father: A British era graduate served in the Government. Retired, rested, and then left us forever in 1999.
Mother: Housewife. A Healthy and happy mother of 5 boys, 3 girls, 13 grand children, and 1 great-grand child. I am the last in the family. She left us forever in 2009.
Both my parents were honest, religious, pious, simple people. As per I know I do not have any famous corrupt, crook, criminal relatives in the past 3 generation from my paternal and maternal side.
Siblings: 3 sisters married and live in Dhaka and Chittagong. 2 Brothers, one former marine Engineer and other a filmmaker live in Dhaka. Myself and 2 other brothers, one an Engineer and the other an IT professional live in USA.
Myself: I was born in my parent’s house within 1000 feet of the ABAHONI CRICKET STADIUM. I played cricket when I was young. I played well so news and pictures printed in the newspaper at that time. Received a call from National Team. Arrived USA 20 years ago, now living here as US citizen.
As a last child of a family I started experimenting with different ventures from the very childhood. In Bangladesh invested in transportation and fisheries sector. In USA involved as an entrepreneur in automobile, real estate [in Michigan, NY, and Arizona], Business [in Manhattan, NY] restaurant [in Arizona], Hotel and Motel facility in Arizona, and Iowa. Next step inshallah build our own project combining lodging and restaurant facility. Start here in USA then expand to other countries.
In the mean time, received hands on training in the construction industry from inception to completion. Used that expertise to remodel and upgrade house, and run down lodging facility and sell at a higher price. These projects have given the opportunity to learn in detail about the building materials, supply source, & cost, construction manpower availability and rate, and overall construction management. Now I have a pool of expert manpower for all trades in construction industry who are very experienced and even certified in their fields, willing to work for me at a very reasonable price in my project. They are my associates and friend ready to extend their helping hand to build my project. It is not just for money but a little more then that.
One of my brother, who graduated in Civil Engineering from BUET, later studied Structural Engineering in Thailand, and Environmental Engineering in USA will be an additional resource for my projects. I believe with correct competitive sourcing of building materials and with my friends helping hand to build, we can get things done at half the conventional construction cost. This is a great advantage for me. I also have in depth practical operation and management experience of lodging facility. I have a pool of experienced people who are willing to work in my new facilities as operation and management personal. They are from different nationalities.
I have researched for locations for the proposed new lodging facilities in USA. I have selected a number of locations. I have also lined up for up to 60 to 70 percent of the financing for the proposed projects. As we all realize; real estate based investment is not a quick rich scheme. But, it is stable long-term investment that transcends generation. The return may not look very attractive compared to other risky ventures, but it is genuine and steady. One important issue to be massively successful in real estate is to go for large projects or a number of projects at a time. Development cost can be significantly reduced by the same factor. Based on this factor, I have decided to invite investors / partners to join in my projects.
Since 2008, USA economy, as well as the economy of the entire world is going a transformation from massive debt based consumption society to a more reasoned human compassionate society. The economic activity in USA is relatively slow now. It is time to use excess manpower and materials at a very competitive price now. It is time to build now or buy cash the excess real estate available in the market at 40% of the price of 2005. The economy will not be as wild and unreal as in 2005-6, but the market will rebound and will turn around. If we start building now, we will be ready to open for business as soon as the market comes to normal.
Thank you for your patience to read my statement. If you have any question please do not hesitate to contact me.
May Allah show us the correct path to live a peaceful, healthy, and honest life.
Be safe.
Best regards.
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