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Exclusive economic zone for Singaporean investors offered

Wednesday, 15 October 2014


Prime Minister (PM) Sheikh Hasina said on Tuesday the government is ready to allocate a land in Mirsarai upazila of Chittagong district for setting up an exclusive economic zone for Singaporean investors.
"The government is ready to allocate a land for the exclusive economic zone for the Singaporean investors for their hassle-free investment in Bangladesh," she said.
The PM said this when visiting Singaporean Senior Minister of State for Foreign Affairs and Home Affairs Zulkifli Masagos met her at her office, reports UNB.
Prime Minister's Press Secretary AKM Shameem Chowdhury briefed journalists after the meeting.
He said Singapore expressed its keen interest to invest in establishing an independent clean smart city as well as a power plant in Bangladesh.
Zulkifli Masagos said the investors of his country are very much interested in setting up a smart city on the outskirts of Dhaka, particularly at Purbachal, which could also be in joint venture with Bangladesh.
The Singaporean Senior State Minister lauded the government of Sheikh Hasina as it has been continuing the process of development maintaining peace and stability in the country.
He also highly appreciated Bangladeshi workers serving in Singapore saying they are very efficient, trust worthy and hard working people.
Masagos also apprised Sheikh Hasina of the model of 'Economic Development' which Singapore followed for its industrial process.
The PM said the relations between Bangladesh and Singapore is very essential for the development of Bangladesh, and expressed the hope that it would be further be strengthened in the days to come.
She urged the Singaporean investors to play an effective role for the development of Bangladesh through investment.
Talking about developing a trained youth force on tourism, the PM said Singapore could cooperate in establishing such a training institute in Bangladesh.
She also highlighted various achievements of her government saying it has been able to maintain over 6 percent GDP growth for the last couple of years despite worldwide economic crises as a peaceful atmosphere and democracy is prevailing in Bangladesh.