Istamarina Refuelling Station Ltd, Bangladesh Agriculture Products Ltd, and Rangs Properties Limited are set to invest $27.81 million in various sectors, including refuelling stations, agricultural product processing, and tourism. The three companies have been allocated a combined 15 acres of land in Bangabandhu Sheikh Mujib Shilpa Nagar and Sabrang Tourism Park, with the potential to generate over 850 jobs. Rangs Properties Limited, a subsidiary of Rancon Group, will construct a hotel and resort at Sabrang Tourism Park at a cost of $10.27 million, creating employment opportunities for approximately 400 individuals. Bangladesh Agriculture Products Ltd, a subsidiary of BSRM Group, will establish a cashew nut and agricultural products processing plant with an investment of $14.57 million. With these investments, Bangladesh aims to bolster its tourism industry, enhance agricultural processing capabilities, and attract domestic and foreign visitors. The global cashew nut market, with a value of $9.8 billion, continues to grow at a rate of 4.5% annually.
Rangs and BSRM Investing in Agricultural Processing and Tourism
Industry: , , ,
Company Intelligence Tag:
Source for more details: