Arisha Private Economic Zone, a unit of property developer Maisha Group, which received a pre-qualification license from Bangladesh Economic Zones Authority (BEZA), is expecting US$8 billion investment, mostly from abroad in its industrial park at Basila in Dhaka.
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To consist of a container terminal and jetty, a well-equipped fire station and security arrangement, a five-star hotel with a helipad, a modern effluent treatment plant and three power plants (each with 108MW capacity), Arisha Private Economic Zone is expected to generate 40,000 job opportunities over the next eight years and it is considered to be a suitable location, especially for the garment makers to set up their establishments.
“We may sign a US$90 million investment deal with a UK-based firm by the end of this month,” said Managing Director of Arisha Private Economic Zone Aslamul Haque, adding, “We are trying to attract the investment mostly from abroad, but the investment opportunity will remain open for domestic entrepreneurs too.”
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Arisha Private Economic Zone is the seventh private economic zone to receive pre-qualification from BEZA, which earlier awarded pre-qualification licenses to five private sector companies to set up six economic zones – one each to AK Khan and Company, Abdul Monem Ltd, Bay Group, Aman Group and two to Meghna Group. Besides these, the government is also reportedly setting up four economic zones in the public sector, namely Mirsarai Economic Zone (in Chittagong), Mongla Economic Zone (in Bagerhat), Srihatta Economic Zone (in Moulvibazar) and Sabrang Tourism Park (in Cox’s Bazar).