Kishoregonj Economic Zone Limited (KEZL), an infrastructure project of Nitol-Niloy Group has signed a service contract with PwC Bangladesh Private Limited, the world renowned management consulting company on Monday at Nitol-Niloy Centre in Dhaka.
The letter of engagement allows PwC to carry out the feasibility study, master plan and financial assessment for KEZL, a 92 acre private economic zone that is under rapid development in Pakundia, Kishoregonj, said a press release.
With the slogan ‘a local hub for global business’, KEZL is ready to lease out industrial plots, buildings and factory sheds with common utility services including availability of gas to unit investors immediately.
KEZL has received pre-qualification license from Bangladesh Economic Zones Authority (BEZA) and is well underway to meet all relevant compliance to obtain the final license and commence operations.
KEZL has already begun the infrastructure development activities in the zone and the appointment of PwC as its consultancy partner reflects the commitment to convert the zone to a world class facility in industrial manufacturing and processing.
KEZL is strategically located to attract foreign and local investors, and is receiving positive response from many companies from India, China and Japan with assurance of significant investments.
PricewaterhouseCoopers (PwC) is among the top four multinational professional services company having offices in 150 countries and has strong presence in Bangladesh.
PwC has successfully completed many prefeasibility studies for economic zones in Bangladesh and the agreement demonstrates ideal collaboration between the two organizations.
The ‘Letter of Engagement’ was signed by Abdul Musabbir Ahmad, Managing Director of Kishoregonj Economic Zone and Mamun Rashid, Managing Partner of PwC Bangladesh.
On the occasion, Abdul Matlub Ahmad, Chairman of Nitol-Niloy Group and former President of FBCCI expressed his pledge to promote rapid development across Bangladesh with the participation of the private sector and KEZL to be a vital project in supporting the agenda of cluster industries, decentralization of economic activities, employment generation and structured industrialisation.
He also echoed the fact that his efforts were aligned with the country’s vision 2021 and special emphasis of the Prime Minister who is determined to establish the 100 economic zones throughout Bangladesh. It is a dream transforming to reality.