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Investor Presentaiton

4.4 Japanese Economic Zone (JEZ) • ● • • • ● • Bangladesh is building an Economic Zone exclusively for Japan in Araihazar, Naryanganj. The Japanese Economic Zone is expected to be completed by 2030, with operations initiating in the same year. The project is being developed by Sumitomo Corporation and is funded jointly by the Government of Bangladesh and JICA. It is supposed to stretch over a land of 1000 acres with potential for expansion lying more towards the North and Southeast of Bangladesh. Japan is investing around USD 300 million for the development of the Economic Zone. Companies located in the EZ are subjected to tax exemptions, income tax immunity on 50% of earnings from export, duty-free exports, cash incentives, facilities for bonded warehousing and duty drawback. Companies will also have basic healthcare facilities available in Naryanganj. CENTRE FOR Japan. Banglades th 50 Anniversary of the Establishment of Diplomatic Relations Bangladesh-Japan Partnership for the Next Development Journey 34
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