Six local firms, Beza team up for $457 million investment
Six Bangladeshi companies today signed a land lease agreement with the Bangladesh Economic Zone Authority (Beza) to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox's Bazar.
Of them, one company will invest in the pharmaceuticals sector and the rest five in the hospitality sector.
The agreement signing ceremony took place at the Beza office in Dhaka at noon.
The economic zones' authority agreed to give 17 acres land to the entrepreneurs, which are: Healthcare Pharmaceuticals Ltd (HPL), Ifad Motors Ltd, DIRD Composite Textiles Ltd, DIPTA Garments Ltd, DIRD Garments Ltd, and East West Travels & Tours (Pvt) Ltd.
Beza Executive Member for Administration and Finance Abdul Azim Chowdhury, HPL's Director Md Halimuzzaman, Ifad Autos Managing Director Taskeen Ahmed, DIRD group Director Shejuti Daulah and East-West Travels Managing Director Mahamudul Hossain signed the agreement on behalf of their respective organisations.
The new investments are expected to generate over 8,000 direct jobs, Beza Executive Chairman Shaikh Yusuf Harun said at the signing ceremony.
Beza has 33,500 acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar, he said. Read More...
