Dhaka-based South Korean farm, Kido Dhaka Company Ltd. signed a deal with Adamjee Export Processing Zone to build a high-end garments and sportswear manufacturing factory with an investment of $31.17 million.
Young Dae Joseph, acting Director of Kido Dhaka Company and Ali Reza Mazid, member for investment promotion of the Bangladesh Export Processing Zones Authority (Bepza) signed an agreement on behalf of their corresponding organizations at Bepza premises.
Kido Dhaka Company Ltd. will produce two million pieces of different types of jackets made of cloth, leather, fibre, and fleece as well as baby warmers, soft shells, sweatshirts, vests, work-wear, coveralls, hospital gowns, and other personal protective equipment annually, according to a press release.
The investment is expected to create 6,040 job opportunities for locals. And the company will create more employment prospects for the Bangladeshi nationals increasingly as Kido Dhaka Company Ltd. has plans to invest more through taking closed industrial plants of export processing zones on lease.