UAE-BD joint venture to invest $10m at BEPZA Economic Zone

FE Team | Published: February 23, 2026 22:46:56

Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, and Kamrul Hasan Chowdhury, Chairman of Integrated Composite Industries Ltd, signed the agreement on behalf of the their respective organisations at the BEPZA Complex in Dhaka on Saturday.

Integrated Composite Industries Ltd, a UAE-Bangladesh joint venture company, has signed a land lease agreement with Bangladesh Export Processing Zones Authority (BEPZA) to establish a Fibre Reinforced Polymer (FRP) composite products, steel frame and accessories manufacturing industry at the BEPZA Economic Zone, reports UNB.
Md Tanvir Hossain, Executive Director (Investment Promotion) of BEPZA, and Kamrul Hasan Chowdhury, Chairman of Integrated Composite Industries Ltd, signed the agreement on behalf of the their respective organisations at the BEPZA Complex in Dhaka on Saturday, according to a press release issued on Monday.
BEPZA Executive Chairman Major General Mohammad Moazzem Hossain witnessed the signing ceremony.
Under the agreement, the company will manufacture modern bathtubs, jacuzzis and panel tanks using FRP, alongside various composite products and accessories, including moulds and patterns to support production, said a press release.
The company plans to produce 6,174 tonnes of FRP products annually, targeting strong demand in the shipbuilding and cruise industries.
Most of the output is expected to be exported, primarily to Dubai.
The venture involves a proposed investment of US$10 million and is expected to create employment opportunities for 906 Bangladeshi nationals.
Welcoming the investor, BEPZA Executive Chairman reaffirmed the authority's commitment to providing seamless facilitation and a supportive, investor-friendly environment to ensure the success of industrial ventures.