14th October 2019

 

DHAKA, Oct 14, 2019 (BSS) – Speakers at a program today urged investors to invest in the Mongla Economic Zone (EZ) as it will become a lucrative place for investment considering its strategic location.

 

They made the call at the ‘Investment Promotion Program of Mongla Economic Zone’ held at the Sonargaon Hotel in the city.

 

PowerPac Economic Zone Private Limited, a concern of Sikder group, in association with Bangladesh Economic Zone Authority (BEZA) organised the program.

 

Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman attended the programme as the chief guest while Principal Coordinator (SDG Affairs) of the Prime Minister’s Office Md Abul Kalam Azad and Executive Chairman of BEZA Paban Chowdhury attended the programme as special guests.

 

BEZA Executive Member Mohammed Ayub presided over the function.

 

In his speech, Salman F Rahman said due to the strategic location of the zone and construction of the upcoming Padma Bridge, demand of this Mongla EZ and Mongla port will increase significantly.

 

He thanked Sikder Group for their initiatives to develop and operate first ever Design, Build, Finance, Own, Operate and Transfer (DBFOOT) based EZ in Bangladesh.

 

Rahman said Bangladesh is establishing 100 economic zones across the country and the economic zones will play a vital role to implement the Vision-2021 and Vision-2041 of the government.

 

Speaking on the occasion, Abul Kalam Azad mentioned that the Mongla EZ will play a significant role towards the achievement of Sustainable Development Goals (SDGs) by the Bangladesh government.

 

He said the combination of the Mongla Port and Mongla EZ will be beneficial for both exporters and importers.

 

Welcoming the investors in the EZ, Paban Chowdhury said the EZ will become a potential place for investment considering its strategic location.

 

Among others, Managing Director of the PowerPac Economic Zone Private Limited Ron Haque Sikder and Project Director of the Mongla Economic Zone Mohammad Salahuddin also spoke on the occasion.

 

Salahuddin said around 44 percent land of the EZ has already been allocated for the various industries and balance land of the processing zone is still available for unit investment with attractive incentives and facilities.

 

The 205 acres Mongla EZ is the 1st Public Private Partnership (PPP) based economic zone in Bangladesh. Mongla EZ is the most lucrative EZ in Bangladesh for its strategic location.

 

This EZ is situated within the one-kilometer radius of Mongla Port, which is the second biggest seaport of the country.

 

The proposed Khan Zahan Ali Airport is located only 20 kilometers away from the zone. After completion of the Padma Bridge, it will make the most time- efficient transportation through road and rail connecting the southwest part of Bangladesh. This will play a vital role to increase the demand of Mongla EZ as well as Mongla Port.

 

The Mongla EZ will host all facilities, such as state of the art highly secured entrance plaza, inland container depot, administration building, lorry parking, sub-station, mosque, staff quarter and dormitory and clubhouse.

 

An efficient road and utilities connection is developing throughout the zone. The surrounding of the zone will have greenery and featuring trees and water bodies. It is expected that around 20,000 employments will be generated through this Mongla EZ.

  


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