The Karnaphuli Export Processing Zone (KEPZ), established on the abandoned land of the state-owned Chattogram Steel Mills in Patenga, has generated $14.15 billion in exports over the past two decades.

Established in 2006, the export zone has emerged as a major hub for exports and employment, with around 80,000 people now directly employed there.

Investment in KEPZ has also increased significantly, rising from $1.91 million in its first year to $787 million currently, equivalent to around Tk 9,823 crore.

The zone now houses 40 operational factories owned by investors from China, Taiwan, Hong Kong, South Korea, India, the UK, the US and Canada. Their products are exported to markets around the world.

KEPZ has also diversified beyond conventional garments, producing high-value products including technical sportswear for global brands, camping tents, high-tech equipment, bicycles, safety footwear and leather goods.

When the zone began operations, only 174 workers and officials were employed there. The number of direct jobs has since risen to around 80,000. With five more factories currently under construction, employment could soon exceed 100,000, according to officials.

Around 60% of KEPZ’s workforce are women. Officials said employment opportunities at the zone have helped many women from disadvantaged coastal areas, including Patenga and Halishahar, become financially independent.

Mohammad Tanvir Hossain, member (investment development) of the Bangladesh Export Processing Zones Authority (BEPZA), said KEPZ demonstrates how proper planning can transform abandoned land into a valuable state asset and make a significant contribution to the economy.

KEPZ Executive Director Mahbub Ahmed said the production of specialised, high-value products alongside conventional garments has been a key factor behind the zone’s success.

BEPZA Executive Director (Public Relations) Anwar Parvez said KEPZ has gained a strong reputation among local and foreign investors and continues to attract interest. However, he said there are currently no vacant plots available.

BEPZA organised an event at the zone on Saturday to mark KEPZ’s two decades of operations, attended by investors from the export zone.

Lee Hong Woo, chief executive officer of Campvalley Global Ltd, said KEPZ is a good investment destination. Building on their experience there, the company is making a major investment at a BEPZA plot in the Mirsarai Economic Zone, where production is expected to begin soon.