Business Desk :
A Chinese steel company has signed a $2.3 billion investment deal with Bangladesh Economic Zones Authority or BEZA.
Yunnan Yongle Overseas Investment Company Limited, a sister concern of Kunming Iron and Steel Holding Company Limited, signed a memorandum of understanding or MoU with BEZA at a city hotel recently.
The Chinese firm signed another MoU with its Bangladeshi associate, Star Infrastructure Development Consortium Limited.
Yongle Chairman Wu Yunkun, BEZA Executive Member Harun Ur Rashid and Star Consortium Managing Director Ashraful Haq Chowdhury, signed the MoU on behalf of their respective organisations.
Yongle said in the signing ceremony it intends to invest and establish a Bangladesh-China ‘Iron and Steel International Capacity Cooperation Demonstrative Zone Project’ in Bangladesh.
Star Consortium will work as Yongle’s local partner in the project.
A Chinese steel company has signed a $2.3 billion investment deal with Bangladesh Economic Zones Authority or BEZA.
Yunnan Yongle Overseas Investment Company Limited, a sister concern of Kunming Iron and Steel Holding Company Limited, signed a memorandum of understanding or MoU with BEZA at a city hotel recently.
The Chinese firm signed another MoU with its Bangladeshi associate, Star Infrastructure Development Consortium Limited.
Yongle Chairman Wu Yunkun, BEZA Executive Member Harun Ur Rashid and Star Consortium Managing Director Ashraful Haq Chowdhury, signed the MoU on behalf of their respective organisations.
Yongle said in the signing ceremony it intends to invest and establish a Bangladesh-China ‘Iron and Steel International Capacity Cooperation Demonstrative Zone Project’ in Bangladesh.
Star Consortium will work as Yongle’s local partner in the project.
