- The Sunset Bay Limited will invest $19.2 million in Sabrang Tourism Park.
- The Beza will provide 1 acre of land to Sunset Bay Limited for the park.
- The company will build five-star hotels, swimming pools and restaurants.
- It will create employment for around 350 people.
The Sunset Bay Limited will invest $19.2 million for the development of Sabrang Tourism Park in Teknaf upazila of Cox's Bazar.
The company's plans for the park include building five-star hotels, swimming pools and restaurants, said sources.
An agreement was signed to this effect between the Bangladesh Economic Zones Authority (Beza) and the Sunset Bay Limited on Wednesday. Beza Executive Chairman Paban Chowdhury presided over the meeting.
Under this agreement, the Beza will provide 1 acre of land to Sunset Bay Limited for the construction of multiple structures in the Sabrang Tourism Park. The company expects to create employment for around 350 people.
According to Beza sources, the Sabrang Tourism Park will take up 1047 acres. There are plans to set up a food corner, an open stage for cultural events on the beach, a reserve forest to maintain environmental balance, a recreation center, stalls selling local products, a children's park, an underwater world, and a botanical garden in the area to attract domestic and foreign tourists.
If the master plan for the development of the park is executed, around 39,000 tourists will be able to visit it every day, creating direct employment for about 6,000 people.
Several activities, including construction of administrative buildings, defense dams, bridges, culverts, and land development are currently underway in the Sabrang Tourism Park.
Plans for the development of the park were unveiled in February last year.
Paban Chowdhury said, "Beza is working on the development of three tourism parks with the aim of developing the country's tourism industry. Various local and foreign companies are already showing interest in investing in these parks."
Ishtiaq Ahmed Patwari, chairman of the Sunset Bay Limited, said they would start work as soon as the land was ready.
Sabrang Tourism Park is located in Sabrang union of Teknaf upazila in Cox's Bazar. It is located about 450km away from Dhaka and about 82km from Cox's Bazar city. The site is ideal for the development of the tourism industry by virtue of its blue waters and the fact that it is away from the hustle and bustle of Cox's Bazar busy sea beach.