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Bangladesh Economic Zones Authority (BEZA) has signed a shareholder deal with the Chinese company China Harbour Engineering Company Ltd (CHEC) for establishing Chinese Economic and Industrial Zone in Anwara of Chittagong.
Bangladesh Economic Zones Authority (BEZA) executive chairman Paban Chowdhury and China Harbour Engineering Company Ltd. (CHEC) CFO Shengquan Xiong signed the shareholder agreement on Thursday.
Abul Kalam Azad, Chief Coordinator for Sustainable Development Goals (SDG) Affairs in the Prime Minister’s Office, and Prime Minister’s principal secretary Dr Kamal Abdul Naser Chowdhury were present at the agreement signing ceremony held at the Prime Minister’s Office in the city.
Under the government to government agreement, the Chinese government will set up a Special Economic Zone (SEZ) on 783 acres of land in Chittagong’s Anwara upazila.
The Chinese Economic and Industrial Zone is expected to attract $ 42.0 billion investment and would create 2 lakh employments in the zone.
According to the assessment report, the Chinese Economic and Industrial Zone would host pharmaceuticals, garments, telecommunication, agro based industries, electronics, medical instrument, and IT industries.
“It is for the first time that a foreign company is going to set up a SEZ in Bangladesh on G to G basis. The main work on project will begin in December this year”, said executive chairman of BEZA Paban Chowdhury.
Earlier, a memorandum of understanding (MoU) was signed between the BEZA and CHEC for setting up the SEZ in Anwara during Prime Minister Sheikh Hasina’s China visit on June 11, 2014.