The government has placed Chattogram at the centre of its long-term economic strategy, unveiling a series of investment and infrastructure initiatives aimed at transforming Bangladesh into a $1 trillion economy by 2034.
Finance and Planning Minister Amir Khasru Mahmud Chowdhury announced the plans while speaking to journalists in Chattogram on Saturday during his first visit to the port city following the presentation of the national budget for the 2026-27 fiscal year.
He said the government's objective is not only to achieve higher economic growth but also to build a resilient, competitive and investment-friendly economy capable of sustaining long-term development.
To realise that vision, the government plans to increase both domestic and foreign investment, create new employment opportunities and strengthen the country's industrial and manufacturing capacity.
Describing Chattogram as Bangladesh's principal maritime gateway, the minister said the city will be developed into a modern logistics hub to improve the movement of goods and enhance the country's trade competitiveness. The current budget has prioritised investments in transport infrastructure, warehousing and freight management to make supply chains more efficient.
A major component of the strategy is the proposed establishment of a 600-acre Free Trade Zone in Anwara, which the government expects will attract significant local and foreign investment while boosting export-oriented industries.
The minister also said work is progressing on plans for a Chattogram Economic Corridor and a Chinese Economic Hub, initiatives designed to strengthen industrial connectivity and position the region as a major manufacturing and trade centre.
In addition, Shah Amanat International Airport is set to be upgraded into an international cargo and logistics hub, enabling faster import and export operations and improving Bangladesh's access to global markets.
According to the minister, achieving the $1 trillion economy target will require greater private-sector participation, increased investment in innovation and creative industries, expansion of the sports economy and sustained job creation.
He said ongoing economic reforms and efforts to maintain macroeconomic stability are encouraging greater confidence among international investors, adding that the government's focus remains on creating an environment conducive to long-term investment.
If implemented successfully, the planned initiatives are expected to reinforce Chattogram's position as the country's commercial capital and a key driver of Bangladesh's next phase of economic growth.
FP/A
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