Bangladesh Export Processing Zones Authority (Bepza) has begun allotting plots at Bepza Economic Zone. Provisional allotment letters have been sent to 10 foreign and domestic companies.
Significantly 70 local and foreign companies have shown their interests to invest in Bepza Economic Zone located at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsharai, Chattogram.
In addition to the press statement, only one enterprise is Bangladesh-based among the 10 enterprises who received Bepza’s allotment letters. Thus other enterprises are foreign companies. Among these, two are based in the UK, two in South Korea, two in China, one in the US, one in Hong Kong, and one in Canada.
The press statement noted that proposed investment of these companies is $334 million in the economic zone. This will create employment opportunities for around 51,300 Bangladeshi nationals.
Nazrul Islam said to the investor, “Bepza put all of its 40 year-long experience in developing Bepza Economic Zone. Bepza leaves no stone unturned to secure your investment”. He also added the investment of Bepza increased 79 per cent during January-April, 2021 compared to the same period of last year.
Bepza has been contributing around 20 per cent to the total national export. Currently, Bepza Economic Zone is undergoing a massive construction as part of its 1st phase development work on 1150 acres of land at Mirsharai, Chattogram which aims to construct a total of 539 industrial plots.
Expectation of Bepza is around 5 lakh Bangladeshi will get employment opportunities from the economic zone. And after execution of the entire project, it will attract investment of about $4.5 billion.