China to construct 300ha special economic zone in Bangladesh

By Jonathan Campion
The Chinese Economic and Industrial Zone (CEIZ) will be a business park near the port of Chattogram, and will be completed within five years...

The project to create a special economic zone was mooted in 2014, during a visit to Beijing by the Bangladeshi prime minister Sheikh Hasina. At this time the proposed contractor for the zone was identified as China Harbour Engineering Company, and the level of investment was set at $100mn. However, the scheme quickly stalled.

Plans have been resurrected this month, initiated by China Harbour, which has reiterated its commitment to investing £100mn in Chattogram. The newspaper The Daily Star in Bangladesh reports that over 60 Chinese companies are interested in participating in the Chinese Economic and Industrial Zone, and have jointly pledged over $280mn.

A representative of CEIZ, Jiang Wei, commented that construction would be contracted to China Harbour, and that it was ready to start work. He said: “We will focus on four sectors for investment in the zone – logistics, manufacturing, chemical and readymade garments.”

Wei also commented on the potential scale of the special economic zone: “CEIZ will be able to eventually attract more than $1bn in foreign investment, create 60,000 to 90,000 jobs, directly or indirectly, and ultimately boost industrialisation and develop the economy of the surrounding Chattogram district.”


Featured Articles

Arcadis signs collaboration with Canadian start-up Niricson

Agreement will combine Arcadis’ expertise with Niricson’s predictive analytics platform to develop a non-invasive way to safely inspect and monitor concret

Italy’s Cannon Artes wins $31m Egyptian desalination project

Turnkey contract win from SOPC will see Italian firm deliver an integrated desalination & demineralisation plant as part of modernisation of Suez refinery

Saudi Arabia to build three new stadiums for Asian Cup 2027

Tournament will be hosted across three cities and 10 stadiums, SAFF says

Neoen’s Storen Power Reserve begins construction in Sweden

Construction Projects

Masdar works with African countries on renewable projects

Construction Projects

Select Group awards US$816.7m in construction contracts

Construction Projects