C T Online Desk: China will soon begin work on developing an economic and industrial zone in South Chattogram’s Anowara upazila.
To this end, a memorandum of understanding was signed between Bangladesh Economic Zones Authority (Beza) and China Road and Bridge Corporation signed on Thursday.
Sheikh Yusuf Harun, executive chairman at Beza, told he media “We want to build a Chinese Economic Zone. Earlier, we had signed a G2G [government-to-government] agreement with China. The Chinese government then nominated China Harbour Engineering Company Ltd for the work.” The Chinese government has now changed that company and entrusted China Road and Bridge Corporation with the project, he noted.The economic zone on 778 acres of land is expected to create employment for at least 30,000 people, he said.
The zone has access to water transportation and the site is suitable for export-oriented industries because of its proximity to the largest sea port of Bangladesh, he noted.Regarding investment, Shaikh Yusuf Harun said this zone is fully dedicated for Chinese investors. The MOU has just been signed.Everything will be finalised after securing the seal of approval from the Cabinet Committee on Economic Affairs.Chemical, automobile assembly, garments and pharmaceutical factories will be built in the economic zone.
