Aman Economic Zone, a concern of Aman Group, received the final licence on Thursday as the country’s third private economic zone.
The economic zone is being built on 90 acres of land in Narayanganj.
Bangladesh Economic Zone Authority (BEZA) awarded the licence to Aman EZ as it fulfilled all the requirements including carrying out an environmental impact assessment and feasibility a study as well as preparing a master plan in line with the terms of the pre-qualification licence.
Paban Chowdhury, Executive Chairman of BEZA, handed over the licence to Rafiqul Islam, Chairman and Managing Director of Aman Group, at BEZA office in the capital.
Aman EZ officials said they will start building Aman Cement Industries, Aman Packaging Limited and Aman Shipbuilding at a cost of $370 million in the middle of this year.
The economic zone will host industries like food and beverage, shipbuilding, cement, LPG etc. Aman EZ is expected to create 3000 jobs initially which will reach up to 20,000 in the next five years.
BEZA has so far awarded pre-qualification licences to 10 local private firms to set up 13 economic zones.Two others economic zones earlier received the full licence.
The government has set a target to establish 100 economic zones on 75,000 acres of land across the country by 2030 to create jobs for one crore people and fetch investment worth $40 billion.
Top officials of BEZA and Aman Group were present at the license giving ceremony.