Finance Minister AHM Mustafa Kamal has said that the investment in private economic zones is about US$ 4 billion.
He disclosed the figure in his budget speech mentioning that allocation of land has been made to 196 entities in various public economic zones with a proposed investment of about US$ 25 billion.
He said that the establishment of 100 economic zones in the country is well in progress, news agency UNB reported.
The administrative approval has already been accorded to the proposal for the establishment of 97 economic zones, of which the implementation work of 28 economic zones is underway.
In order to make the PPP project implementation and the activities of the PPP authorities more robust and dynamic, steps are being taken to enact the ‘PPP (Amendment) Act, 2022’.
In order to enhance the confidence of investors in the projects under PPP initiatives investment development programmes are continuing, said Kamal.
The legal and regulatory framework of the PPP authorities is being simplified to implement large as well as social infrastructure projects under PPP in the future.
“We need more foreign investment to continue our growth. One of the key factors that work behind attracting the desired level of investment is the business-friendly environment,” said the finance minister.