Chinese Firm Invests $45M in Bangabandhu Sheikh Mujib Shilpa Nagar

Industry: Building Material, Steel
Economic Tag: FDI

Chinese company Fujian Mengba Investment Co Ltd has signed an agreement with the Bangladesh Economic Zones Authority (Beza) to build a steel construction materials factory at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) with an investment of $45 million. The factory, spread across 20 acres of land, will manufacture construction materials such as MS rods, angles, and channels, and is expected to create employment opportunities for 1,350 people. This investment further strengthens the growing economic ties between China and Bangladesh, with several Chinese investors already being allotted land in the BSMSN economic zone. Bangabandhu Sheikh Mujib Shilpa Nagar is a significant economic zone in South Asia, and Beza is committed to providing necessary services, including gas and electricity, to facilitate industrial growth in the area. With a goal of establishing 100 economic zones by 2041, Beza aims to foster economic development and attract more investments in Bangladesh.

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