BIDA Signs $150M Investment Deal with Chinese Firm

The Bangladesh Investment Development Authority (BIDA) Executive Chairman, Chowdhury Ashik Mahmud Bin Harun, announced today that a $150 million investment agreement has been signed with a Chinese textile company. The deal is expected to generate approximately 15,000 jobs in Bangladesh.

"Chinese investors have shown strong interest in investing in Bangladesh, and this agreement is just the beginning. Additionally, 200 more investors are set to visit Bangladesh soon to explore further opportunities," he said during a press conference at the Bangladesh Investment Summit 2025, held at a city hotel.

Ashik highlighted that the summit has facilitated connections between foreign investors and local politicians. Many investors expressed interest in sectors such as textiles, garments, renewable energy, and light engineering.

Notable activities at the summit included meetings with global companies such as Zara, Lafarge Cement, and representatives from Germany, as well as a key discussion with the CEO of DP World. The DP World CEO proposed establishing a free trade zone in Bangladesh to enhance trade and commerce.

"We need to gain experience before setting up a free trade zone, and a delegation will soon visit Bangladesh to explore this further," Ashik said.

Additionally, BIDA signed an agreement with the International Labour Organization (ILO) to improve workers' living standards, aiming to attract more Foreign Direct Investment (FDI) into the country.