BEPZA has signed land lease agreement with Kuwait-Bangladeshi company M/s K B Petrochemicals Limited to set up industry in BEPZA Economic Zone today (22-02-2022) at BEPZA Complex, Dhaka.
This joint venture company will establish a Lubricating Oil Blending Plant with an investment of US$ 10.39 million with creating employment opportunities for 129 Bangladeshi nationals. The industry will produce annually 20,000 metric ton finished lubricants.
In presence of the Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc, Member (Investment Promotion) Ali Reza Mazid and Managing Director of K B Petrochemicals Limited Jahangir Hossain Patwary signed the agreement on behalf of their respective organizations.
Executive Chairman, BEPZA thanked the agreement signing company- K B Petrochemicals to invest in BEPZA Economic Zone. Mentioning the government investment policy for product diversification he said, BEPZA always welcomes high end and diversified products manufacturing industries for investment in BEPZA Economic Zone.
BEPZA Executive Chairman said that BEPZA is now one of the most successful organizations in the country considering its experience, capabilities, expertise and professional excellence achieved during the journey of 40 years in serving the country's export-oriented industries. Investors’ confidence has made BEPZA a brand in the global arena, He added.
Member (Investment Promotion) Ali Reza Mazid said in his welcome speech, we hope that this initiative of BEPZA Economic Zone will be continued throughout the year as per the confidence of the investors and success of BEPZA.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md. Tanvir Hossain, Executive Director (Enterprise Services) Md. Khorshid Alam, Project Director of BEPZA EZ Md. Hafizur Rahman & Executive Director (Security) Lt Col ASM Quamruzzaman, PBGM and Chairman of K B Petrochemicals Limited Mr. Kannan Naser Al Naser were present during the signing ceremony.
Mentionable, The Hon'ble Prime Minister Sheikh Hasina unveiled the foundation stone of BEPZA Economic Zone established on 1138.55 acres of land at Bangabandhu Sheikh Mujib Shilpa Nagar on 24 January 2018. 643 applications for plot allotment have already been submitted from the investors from which BEPZA have allotted 154 nos plots provisionally against 19 companies. Among the provisional allotments, 31 plots have been allotted finally to six industries. Recently BEPZA has signed agreements with four companies with an investment of US$ 50 million where 23,453 Bangladeshi nationals will get employment opportunities and the investment trend will be continued in coming days.
