Executive Chairman of the Bangladesh Investment Development Authority (BIDA), Ashik Chowdhury, has unveiled an ambitious vision to transform Matarbari and Maheshkhali into world-class commercial hubs akin to Shanghai and Singapore within the next 30 years.

The project, covering 33,000 acres, will be implemented in three phases—2025 to 2030, 2030 to 2045, and 2045 to 2055. Chowdhury stated that within the next 120 days, all administrative groundwork will be completed.

Once operational, the mega-project is expected to generate 2.5 million jobs and position Bangladesh as a global maritime hub.