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Bangladesh is set to establish its ninth Export Processing Zone (EPZ) in Patuakhali, targeting $1,530 million in foreign investments and aiming to boost exports by another $1,836 million. The project, valued at Tk1,475 crore, aims to develop 306 industrial plots on 418 acres of land. It is expected to create employment opportunities for 1 lakh Bangladeshis directly and 2 lakh indirectly. The government funding for the project will be drawn as a loan at a 2% interest rate.
The existing eight EPZs in Bangladesh already attract investments from more than 456 industries, totaling over $6.04 billion, and contribute to annual export goods worth $95.87 billion. The Patuakhali EPZ is strategically located near the Payra and Mongla seaports, making it an attractive investment destination. The project is scheduled for completion by June 2026, subject to necessary approvals. The EPZ will offer environment-friendly industrial plots and necessary amenities to attract foreign investors and drive economic growth in the region.
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