MoU signed to help attract foreign investment

A memorandum of understanding (MoU) was signed yesterday between the Sirajganj Economic Zone (SEZ) and Australia Bangladesh Business Forum (ABBF) to attract foreign investment.

The event was held at a ceremony at the Bangladesh Economic Zones Authority's (Beza) office in the capital.

The two organisations will work in partnership to attract investment from Australia, including expatriate Bangladeshis living there, in the SEZ and other economic zones in Bangladesh, said a press release.

Mohammad Kamruzzaman, director of SEZ, and Abdul Khan Ratan, president of ABBF, signed the MoU on behalf of their respective organisations.

Shaikh Yusuf Harun, executive chairman of Beza, entrepreneurs based in SEZ and senior officials of Beza were also present.

"We are creating an investment-friendly environment to open up new opportunities for investors in Bangladesh. We are also providing land at competitive prices to ensure planned industrialisation," said Yusuf Harun, BSS reported.

"We have been working tirelessly to attract domestic and foreign investment, thereby keeping the supply structure strong, fulfilling domestic demand and continuing the trend of exports," he added.