Following 2 months of negotiations supported by Mr Falaknaz, BQT Solutions Limited (ASX: BQT) has received a formal letter of commitment from a major Dubai real estate project to be the exclusive supplier of security, surveillance and ePurse technology. A formal contract is in preparation and is expected to be finalised within 4-6 weeks.

It is anticipated that the value of this contract once it has been finalised exceeds $20 million to BQT.

This contract will stand as the reference project and will support BQT's plans to approach more than 15 similar sized real estate development projects at construction phase in Dubai, Abu Dahbi and Qatar.