The government has given the final licence to Cumilla Economic Zone (CEZ).
The Bangladesh Economic Zones Authority (BEZA), a centralised economic zones authority of Bangladesh, handed over the licence to the CEZ, a concern of the Meghna Group of Industries, at a ceremony at the InterContinental Dhaka in the capital on Sunday evening.
The CEZ, which is the 12th private economic zone, is expected to draw an investment of $2.0 billion and generate about 50,000 employment opportunities.
Prime Minister's Office Secretary Md Tofazzal Hossain Miah was present at the event as the chief guest while Shaikh Yusuf Harun, executive chairman of the BEZA, chaired it.
Mostafa Kamal, chairman of Meghna Group of Industries, attended the programme as a special guest.
The CEZ is expected to go into production by 2024. It is located at Meghna upazilla of Cumilla, adjacent to the Dhaka-Chattogram highway, covering an area of about 250 acres that will expand to 350-acres after completion of the first phase.
In order to build a self-sufficient economic zone in the region, it plans to set up factories and administrative buildings, warehouses, logistics areas, water and waste treatment plants, roads and other facilities. The environment-friendly technology will be used to prevent any harmful effects on the environment.
