The Bangladesh Economic Zones Authority (BEZA) is taking a new approach to attract foreign and local investors by prioritising the development of government-funded and government-to-government (G2G) economic zones.
It is revising its policies to ensure these zones are equipped with the necessary infrastructure and utilities to meet investor needs, according to official sources.
As part of its new strategy, BEZA has decided to put on hold its ambitious plan to establish 100 economic zones. Instead, it will focus on operationalising a select number of zones from a priority list.
This shift aims to streamline development efforts and build investor confidence by delivering fully functional zones within a shorter timeframe.
BEZA is targeting the completion of five government-funded economic zones within the next two years.
These include the National Special Economic Zone (NSEZ) comprising the Mirsarai and Feni zones, the Jamalpur Economic Zone, the Sreehatta Economic Zone in Sylhet, the Moheshkhali Economic Zone at Dhalghata, the Sabrang Tourism Park, and the Japanese Economic Zone at Araihazar.
The authority is finalising a revised policy to facilitate this plan, which will include significant changes to its development and operational approach.
In addition, BEZA is working to include itself in the Annual Development Programme (ADP) to ensure smoother implementation of its projects.
Daily Sun
