Japanese investors have announced an initial investment of US$1.2 billion in Bangladesh tourism and hospitality, according to a report by United News of Bangladesh.
Civil Aviation and Tourism Minister M Rashiduzzaman Millat revealed the funding plan after meeting a delegation of Japanese investors at his office, based on a PID handout.
The minister pointed out that Bangladesh has huge tourism potential due to its natural beauty, heritage and culture.
He mentioned popular sites like the Sundarbans mangrove forest, the long sea beach in Cox Bazar and the tea gardens in Sylhet.
The government supports foreign investment in tourism and stands ready to assist Japanese partners, Millat said.
He called Japan a long-term friend of Bangladesh and praised its help with local infrastructure projects.
The government prefers a win-win model for foreign investment through public-private partnerships, the minister added.
The Japanese delegates told the minister they want to invest in the tourism sector and work with local partners.
Millat promised to take fast action once the government receives formal investment proposals from the group.
A delegation from the Bangladesh Tourism Board will help the investors visit different tourist spots across the country.