Bangladesh Economic Zones Authority
BEZA invites foreign investment in ambitious NSEZ project in Ctg
The Bangladesh Economic Zones Authority (BEZA) on Monday invited foreign investors to explore opportunities at the National Special Economic Zone (NSEZ), one of the country’s most ambitious development initiatives aimed at transforming its industrial landscape.
The call came as a delegation of around 60 foreign investors visited the NSEZ to assess its potential.
"We want to show the world that Bangladesh is a stable country with huge investment opportunities," one of the BEZA officials said welcoming the investors from South Korea, India, China, Japan, Australia and the Netherlands at the NSEZ.
The visit is part of the Bangladesh Investment Summit 2025 that kicked off in Dhaka on Monday marking a milestone event aimed at reinforcing the country’s commitment to economic progress, investment-friendly policies, and sustainable growth.
The NSEZ is strategically situated beside Bay of Bengal in south-eastern Bangladesh, with transportation routes such as Dhaka-Chattogram national highway Chattogram port and airport.
"For the first time, foreign investors have been brought to see the facilities in person. They have seen the opportunities in their own eyes and they are very impressed," Chief Adviser's Deputy Press Secretary Abul Kalam Azad Majumder told UNB.
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Attracting both domestic and foreign investment in chemical, basic steel, garments, leather products, pharmaceuticals, electronics, automobiles and agro-processing industries and promoting export-oriented and import substitute industries to support local value chains.
This industrial city will also accommodate residential area, financial hub, city centre, educational institutions, tourism facilities and other amenities.
To ensure sustainable industrialization, this city will comprise renewable energy solutions, environmental and social compliance management, green zones, dedicated service areas for effluent treatment and waste management.
The industrial enclave is expected to boost export earnings, contribute significantly to GDP growth and serve as a model for economic zones across Bangladesh.
The NSEZ has attracted approximately $19 billion worth local and foreign investment proposals.
As of today, the total number of investors is about 155, predicted to establish 500 industries in the future, BEZA officials said.
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Progress in SEZs slows down for land scarcity amid pandemic
The progress of setting up Special Economic Zones (SEZ) has slowed down due to complexities in land acquisition and development activities due to the impact of Covid-19.
The Bangladesh Economic Zones Authority (BEZA) was established by law in 2010, with the aim to establish 100 economic zones by 2030 across the country. Special focus would be given to backward and underdeveloped regions to encourage rapid economic development through diversification of industry, employment, production and export’.
The Foreign Investors Chamber of Commerce and Industry (FICCI) in a survey report recently expressed their concern over the slow pace of SEZs project implementation.
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The organization represents investors from a total of 35 countries. About 90 percent of the total foreign direct investment (FDI) in the country comes from FICCI members.
The companies have investments in banking, non-bank financial institutions, cement, ceramics, chemicals, construction, housing, consulting, fast-moving consumer goods, gas-electricity, leather and leather goods, clothing and transportation.
According to the FICCI, the government has so far approved 97 zones, comprising 68 public and 29 private economic zones.
2 years ago
Special economic zones changing Bangladesh's industrial landscape: BEZA
The special economic zones are changing the industrial landscape of Bangladesh, Bangladesh Economic Zones Authority (BEZA) Executive Chairman Paban Chowdhury has said.
He said they are building a separate SME zone at Bangabandhu Shilpanagar in Mirsarai to raise the contribution of the SMEs to the GDP.
Paban Chowdhury was addressing as the chief guest at a webinar titled ‘Enabling Investment Climate to Realize Great Potential’ held recently.
Citi, in partnership with Chittagong Chamber of Commerce and Industry (CCCI) Bangladesh Center of Excellence (BCE), organised the webinar.
The discussion focused on the diversification of investment, readiness of economic zones to facilitate such diversification of investments, and potential sectors for investment.
The session was chaired by CCCI President Mahbubul Alam and moderated by N. Rajashekaran (Shekar), Citi Country Officer and Managing Director, Citibank, N.A. Bangladesh, said a media release on Monday.
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