Korean Export Processing Zone (KEPZ) has a prospect to create jobs for 303,000 people, of whom 100,000 directly, by bringing total foreign investment worth $1.2 billion by the year 2020, officials of the country’s first-ever private EPZ said.
“With the support of the government and the people of the locality, we would soon be able to go into full operation to explore the huge potentials,” said Jahangir Sadat, president of the KEPZ.
He said the KEPZ situated at Anwara in Chittagong will have total 1.0 crore square feet (sft) of floor area for setting up factories under a modern and well-equipped greenery environment that is being developed as a comprehensive industrial site.
“Over 2,150 acres of the KEPZ land have been developed for industries, zone support services installation, roads, utility services like electricity network, plantation, water bodies, and open spaces,” Jahnagir Sadat explained.
He said 25 factory buildings have so far been constructed at the KEPZ with a total 30 lakh square feet (sft) of floor area, while construction of a polyster complex giving a floor area of another 420,000 sft would be developed by this year.
