Published:  12:41 AM, 31 October 2019

BIDA wins FEMOZA award

BIDA wins FEMOZA award

Bangladesh Investment Development Authority (BIDA) has won the prestigious FEMOZA award from FEMOZA, the world free and special economic zones federation.

The Board of FEMOZA, in a recent message, confirmed BIDA's selection for the award, according to a press release received on Wednesday, reports BSS. The award will be handed over in the 'SU-Meet in Monaco', a sovereign city-state on the French Riviera in Western Europe, at FEMOZA awards giving ceremony scheduled to be held on November 13 to 15, 2019.

The Board of the FEMOZA, a Geneva-based non-profit and non-governmental organization, nominated BIDA for the award as Bangladesh is a winning combination with its competitive business-friendly environment. Bangladesh has a strong local market and growth, low cost of energy, proven export competitiveness, competitive incentives, export and economic cones, BIDA sources said.

Besides, Bangladesh is one of the most attractive investment destinations among the global entrepreneurs where risk factors of foreign direct investment (FDI) are very law, the sources added.

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