Bangladesh Economic Zones Authority (BEZA) has inked a land lease agreement with Amann Bangladesh Ltd.
Under the agreement, BEZA has allocated 10 acres of land for the company at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), said a press release.
In the presence of BEZA Executive Chairman Shaikh Yusuf Harun, BEZA Executive Member (Investment Development) Md Mozibor Rahman, and Managing Director of the Amann Bangladesh Limited Md Rokonuzzaman on Tuesday inked the agreement on behalf of their respective sides at the BEZA conference room in the city.
Congratulating the investor, Shaikh Yusuf Harun said that the company is well-known in its respective sector and is developing business with a reputation in the country and international arena.
Therefore, linking up such investors with BEZA will lead to increased investment in the economic zone as well as diversification of products, he added.
Amann Bangladesh Limited will build Swing thread, embroidery threads, and smart yearns factories in BSMSN with an investment of US$25.92 million. This factory will employ 600 people.
The industrial city is being developed on around 33,000 acres of land touching three upazilas- Mirsarai, Sitakundu and Sonagazi- under Chattogram and Feni districts respectively.
It is located on the mouth of river Feni covering 25 kilometers of coast lines of Sandeep channel of the Bay of Bengal. Prime Minister Sheikh Hasina laid the foundation stone of the EZ on February 28, 2016.
