Japanese investors plan $1.2b investment in Bangladesh tourism
Representatives of the Japanese delegation expressed their interest in investing in Bangladesh and said they were ready to work jointly to develop the country’s tourism sector.
Japanese investors have announced plans to initially invest $1.2 billion in Bangladesh's tourism and hospitality sectors, according to a press release from the Ministry of Civil Aviation and Tourism.
The announcement came at a meeting with a Japanese investor delegation at the Bangladesh Secretariat in Dhaka today (18 October). Civil Aviation and Tourism Minister M Rashiduzzaman Millat attended the meeting as the chief guest.
The minister said Bangladesh had diverse tourism potential, combining natural beauty, heritage and culture. He highlighted the Sundarbans, the world's largest mangrove forest; Cox's Bazar, the world's longest uninterrupted natural sandy beach; and Sylhet's tea gardens as major attractions for international visitors.
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He welcomed foreign investment in tourism, describing Japan as a longstanding friend of Bangladesh that had contributed to several major infrastructure projects in the country.
The government was ready to work with Japanese investors to develop the tourism industry, he said, adding that it wanted to pursue investment through public-private partnerships that would ensure mutual benefits.
Members of the Japanese delegation expressed interest in investing in Bangladesh and working jointly to develop its tourism sector, announcing an initial investment plan of $1.2 billion for tourism and hospitality.
Welcoming the announcement, Millat said, "We warmly welcome the interest of Japanese investors in investing in Bangladesh. Once their investment proposal is formally submitted, the government will take the necessary measures promptly. The Bangladesh Tourism Board delegation will also take swift steps to arrange visits by the investors to tourism destinations."
