Six Bangladeshi companies, including textile and garments, signed a land lease agreement with the Bangladesh Economic Zone Authority (Beza) to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar on Tuesday.
The economic zones’ authority agreed to give 17 acres of land to the entrepreneurs, which are: Healthcare Pharmaceuticals Ltd (HPL), Ifad Motors Ltd, DIRD Composite Textiles Ltd, DIPTA Garments Ltd, DIRD Garments Ltd, and East West Travels & Tours (Pvt) Ltd.
Beza Executive Member for Administration and Finance Abdul Azim Chowdhury, HPL’s Director Md Halimuzzaman, Ifad Autos Managing Director Taskeen Ahmed, DIRD group Director Shejuti Daulah and East-West Travels Managing Director Mahamudul Hossain signed the agreement on behalf of their respective organizations.
The new investments are expected to generate over 8,000 direct jobs, Beza Executive Chairman Shaikh Yusuf Harun said at the signing ceremony.
Beza has 33,500 acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar, he said.
Prime Minister Sheikh Hasina is scheduled to inaugurate the local and foreign companies inside the special zone, some of which have already started their production, he said.