Bangladesh Economic Zones Authority or Beza will organise a seminar on investment promotion in Chittagong today to encourage the private sector to develop economic zones.

The seminar on how to attract investment in economic zones of Chittagong and Cox's Bazar will be held at the Radisson Blu Chittagong hotel.

The objective of the seminar is to promote the concept of developing economic zone within the country, Beza said in a statement.

Beza will highlight Mirsarai and Feni economic zones as a prime investment destination for the manufacturing and processing industries.

A presentation will be given on Chinese industrial and economic zone located at Anowara in Chittagong, which will be ready in the next two years.

The zone is expected to bring foreign investment of about $1 billion and create employment opportunities for one lakh people.

Bai Yinzhan, vice-president of China Harbour Engineering Company, which is setting up the economic zone under a government-to-government initiative, will make the presentation.

It will be an industrial enclave of Chinese investors and is expected to change the socio-economic scenario of Chittagong region and contribute to the national economic growth, according to Beza.

Sabrang and Jaliardip, two exclusive tourism zones in Cox's Bazar, will be highlighted as upcoming tourism and entertainment destinations; the zones will open investment opportunities for both developers and unit investors, Beza said.

Housing and Public Works Minister Mosharraf Hossain will attend the seminar as the chief guest.

An economic zone is a designated area in a country with special economic regulations that differ from the rest of the country.

An entrepreneur can enjoy various benefits, including tax incentives from the authorities, by setting up an industrial unit in an economic zone.

Beza has been working to set up 100 economic zones by 2030, which will create jobs for one crore people and produce goods and services worth $40 billion.

It has identified 74 locations across the country for setting up economic zones.