A delegation of Japanese investors has announced plans to invest an initial US$1.2 billion in Bangladesh’s tourism and hospitality sector, opening up fresh prospects for foreign investment in the country’s largely untapped tourism industry.
The announcement came during a meeting with Civil Aviation and Tourism Minister M. Rashiduzzaman Millat at the ministry’s conference room in the Bangladesh Secretariat this afternoon on Sunday.
The Japanese investors expressed their strong interest in Bangladesh’s tourism industry and readiness to work with the government to develop tourism infrastructure and hospitality facilities, reports BSS, citing a press release.
Welcoming the investment announcement, Minister Millat assured the Japanese delegation of the government’s full cooperation in facilitating their proposed investment.
“We are delighted to welcome the interest shown by Japanese investors in investing in Bangladesh. Once their investment proposals are formally submitted, the government will promptly take the necessary steps,” he said.
The minister said the government was keen to attract foreign investment in tourism through mutually beneficial public-private partnership (PPP) arrangements.
He stressed that the government would pursue a win-win approach to foreign investment, ensuring benefits for both investors and Bangladesh.
Highlighting the country’s immense tourism potential, Millat said Bangladesh offers a unique combination of natural beauty, cultural heritage and diverse tourist attractions.
“Our country is home to the Sundarbans, the world’s largest mangrove forest, Cox’s Bazar, the world’s longest uninterrupted natural sea beach, and the picturesque tea gardens of Sylhet,” he said.
The minister said the government was committed to developing the tourism sector by attracting international investment and improving tourism-related infrastructure and services.
Describing Japan as a longstanding and trusted development partner, Millat recalled its significant contributions to Bangladesh’s major infrastructure development projects.
He expressed optimism that Japanese investment and expertise could play an important role in unlocking Bangladesh’s tourism potential.