‘Mongla economic zone to be lucrative place for investment’

DHAKA Speakers at a programme today urged businessmen

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

programme.

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 materialize 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.

Source: Bangladesh Sangbad Sangstha (BSS)