{"id":30070,"date":"2025-09-11T22:29:43","date_gmt":"2025-09-11T22:29:43","guid":{"rendered":"https:\/\/thebangladeshtoday.com\/?p=30070"},"modified":"2025-09-11T22:29:44","modified_gmt":"2025-09-11T22:29:44","slug":"moheshkhali-matarbari-set-to-emerge-as-bangladeshs-blue-economy-hub","status":"publish","type":"post","link":"https:\/\/thebangladeshtoday.com\/?p=30070","title":{"rendered":"Moheshkhali-Matarbari set to emerge as Bangladesh\u2019s blue economy hub"},"content":{"rendered":"\n

TBT DESK:<\/strong> Bangladesh is looking to the Bay of Bengal as the gateway to a new era of prosperity, with an ambitious 30-year development plan to transform the coastal belt of Moheshkhali-Matarbari into the nation\u2019s first true blue economy hub.<\/p>\n\n\n\n

The government has tasked the newly formed Moheshkhali Integrated Development Authority (MIDA) with leading this transformation. Its master plan envisions a deep-sea port, integrated energy facilities, modern transport infrastructure, and industrial zones \u2013 together designed to place Bangladesh firmly on the global maritime map.<\/p>\n\n\n\n

According to MIDA projections, the scheme could attract between $60 and $65 billion in investment over the next three decades. In return, it is expected to contribute as much as $150 billion to national GDP and generate around 2.5 million jobs by 2055. The plan will roll out in three distinct phases: 2025\u20132030, 2030\u20132045, and 2045\u20132055.<\/p>\n\n\n\n

\u201cThis is more than just a port project,\u201d said Chief Adviser Professor Muhammad Yunus, presenting the master plan recently. \u201cThe sea will be our highway to the world. We must build a city that is driven by the principles of the blue economy \u2013 sustainable, inclusive, and globally connected.\u201d<\/p>\n\n\n\n

At the heart of the initiative lies the Matarbari deep-sea port, expected to be fully operational by 2026\u201327. Once complete, it will be Bangladesh\u2019s most advanced maritime gateway, capable of accommodating large international container vessels. A network of highways will connect the port to national supply chains and regional markets.<\/p>\n\n\n\n

Alongside this, Moheshkhali is being developed as a national energy hub, with LNG, LPG, oil storage, and power generation infrastructure already underway. A 1,200-megawatt coal-fired power plant is operational, while renewable energy options are under active consideration to align with long-term sustainability goals.<\/p>\n\n\n\n

The wider vision stretches beyond infrastructure. Plans include research and training centres dedicated to oceanography, marine biotechnology, and sustainable fisheries, alongside eco-tourism zones, coastal conservation projects, and smart urban planning that aims to balance environmental protection with industrial growth.<\/p>\n\n\n\n

Experts have compared the project\u2019s potential to that of Chattogram in its heyday, with some even envisioning a city that could rival hubs such as Singapore or Shanghai \u2013 a logistics and energy bridge serving not only Bangladesh but also landlocked neighbours such as Nepal and Bhutan.<\/p>\n\n\n\n

For local communities, the promise of change is palpable.
\u201cIf implemented properly, this project can change our lives,\u201d said Syed Noor, a resident of Moheshkhali. \u201cWe hope it brings jobs, education, and better living standards.\u201d<\/p>\n\n\n\n

Another resident, Jamal Miah of Matarbari, echoed the sentiment: \u201cIndustries and factories will be established here. Right now, there are very few work opportunities \u2013 this project can open doors for the whole community and boost the country\u2019s economy.\u201d<\/p>\n\n\n\n

As Bangladesh\u2019s first major coastal urban and industrial project built entirely on the principles of the blue economy, the Moheshkhali-Matarbari initiative may well redefine the nation\u2019s relationship with the sea \u2013 turning it from a geographical frontier into an engine of opportunity and growth.<\/p>\n","protected":false},"excerpt":{"rendered":"

TBT DESK: Bangladesh is looking to the Bay of Bengal as the gateway to a new era of prosperity, with an ambitious 30-year development plan to transform the coastal belt of Moheshkhali-Matarbari into the nation\u2019s first true blue economy hub. 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