Bangladesh has approved the development of the Chinese Economic and Industrial Zone (CEIZ) in Anwara, Chattogram, marking a significant step forward in strengthening industrial capacity, attracting foreign direct investment (FDI), and deepening economic cooperation with China. The project, approved by the Executive Committee of the National Economic Council (ECNEC), will be implemented with a total investment of Tk4,189 crore.

Located on approximately 800 acres in Anwara, the zone occupies a strategically advantageous position near the Karnaphuli Tunnel, Chattogram Port, and Shah Amanat International Airport, offering investors efficient access to domestic and international markets.

The Chinese government will provide Tk2,467 crore in financing support for the project. Once operational, the economic zone is expected to attract around US$500 million in foreign investment and generate more than 100,000 direct and indirect employment opportunities. Key target sectors include textiles, pharmaceuticals, light engineering, information technology, and other manufacturing industries.

The Chinese Economic Zone includes the development of critical industrial infrastructure such as a multipurpose jetty, road connectivity, power and gas supply systems, water reservoirs, and a central effluent treatment plant (CETP). These facilities are designed to provide investors with a modern and sustainable industrial ecosystem that supports export-oriented production and long-term business growth.

Developed under a government-to-government initiative between Bangladesh and China, the CEIZ reflects Bangladesh’s continued commitment to creating world-class investment destinations and expanding opportunities for international investors. The project is expected to strengthen Chattogram’s position as a major industrial and logistics hub while contributing to the country’s broader economic transformation agenda.

Source: The Business Standard