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Monday 15 February 2016

Aman Group to set up economic zone

Star Business Report
Bangladesh Economic Zones Authority (BEZA) will award a prequalification licence to Aman Group today to let it invest $267 million or around Tk 2,100 crore to set up an economic zone in Narayanganj.
It will be the sixth economic zone to be built by a private sector entity.
Aman Economic Zone will be developed on a 150-acre plot, though the licence is for 90 acres, BEZA officials said.
Another licence will be given later for the rest 60 acres, when the company meets the remaining conditions of Beza.
In the economic zone, Aman Group will set up factories for various industries such as cement, packaging, shipyard, food and beverage, steel manufacturing and power generation.
The economic zone, which will be well-connected with Dhaka and Chittagong, will create jobs for some 15,000 in the next four years, BEZA officials said.
Employment opportunities for another 10,000 people will be created in next phases.
BEZA earlier awarded prequalification licences to four private sector companies to set up five economic zones -- one each to AK Khan and Company, Abdul Monem Ltd, Bay Group, and two to Meghna Group.
The government is also setting up four economic zones under the public sector: Mirsarai Economic Zone in Chittagong, Mongla Economic Zone in Bagerhat, Srihatta Economic Zone in Moulvibazar and Sabrang Tourism Park in Cox's Bazar.
These 10 economic zones are part of BEZA's plan to develop 100 such zones over the next 15 years.