South Bengal Group to invest $33m in Sabrang Tourism Park
Land deal signed with BEZA to set up resort
FE REPORT | Wednesday, 14 June 2023
Bangladesh Economic Zones Authority (BEZA) has inked a land lease agreement with South Bengal International Trading Limited to set up a hotel and resort in the country's first exclusive tourism park.
With the deal, South Bengal International Trading Limited, a sister concern of South Bengal Group, has been allotted 2.0 acres of land to establish the new infrastructure in Sabrang Tourism Park.
The Group has also involvement in other business activities including real estate, garments, trading, and tours and travels.
According to the investment proposal, the company will build the hotel and resort with an investment of about $ 33 million. About 300 people will be employed through this investment.
Mojibur Rahman, executive member (Investment Development) of BEZA, and Mohammad Ali Ashraf, chairman of South Bengal International Trading Limited, signed the deal on behalf of their respective organisations.
Sabrang Tourism Park is located on the southernmost coast of Teknaf upazila in Cox's Bazar.
The tourism park, whose master plan was approved by Prime Minister Sheikh Hasina, has a total land area of more than 900 acres.
Once completed, Sabrang Tourism Park will usher in a new era of tourism sector in Bangladesh.
The new tourism infrastructure will create direct and indirect employment opportunities for around 35,000 people.