Bangladesh is set to establish a unified investment promotion body, “Invest Bangladesh”, by merging three major agencies in a move aimed at streamlining services and boosting both domestic and foreign investment.
The new entity will be formed by integrating the Bangladesh Investment Development Authority, Bangladesh Economic Zones Authority and Public-Private Partnership Authority, according to an official statement issued on Thursday.
The development follows the passage of theInvest Bangladesh Bill, 2026 in parliament on Wednesday. The law will come into effect upon issuance of a government gazette, with operations of the new organisation expected to begin simultaneously under its new identity.
Single agency under PMO
Once operational, Invest Bangladesh will function as the country’s apex investment promotion agency under the Prime Minister’s Office, aiming to simplify and integrate investor services.
The initiative seeks to bring investment promotion, economic zone management and public-private partnership (PPP) activities under a single institutional framework, making processes faster, more coordinated and investor-friendly.
Officials said the move is designed to establish a “true one-stop service” for investors—long demanded by both local and foreign businesses.
Boosting investment climate
Ashik Chowdhury, executive chairman of BIDA and BEZA and chief executive officer of PPPA, said the merger reflects the government’s focus on initiatives that can deliver tangible impact in attracting private investment and strengthening policy support.
He noted that a unified structure would enhance Bangladesh’s ability to present a stronger value proposition in an increasingly competitive global investment landscape.
The consolidation also aligns with recommendations from the United Nations Conference on Trade and Development, which has previously suggested such integration following its assessment of Bangladesh’s business environment reforms.
Digitalisation, single-window services
Under the new framework, a wide range of investment-related services—including approvals, registrations, import-export clearances, incentives and licensing—will be integrated and delivered more efficiently.
The law enables the rollout of single-window clearance, expansion of one-stop services and full digitalisation of approvals and licensing processes through a unified online platform.
It also provides for coordinated management of industrial parks, economic zones and free trade zones, while setting timelines and procedures for service delivery.
PPP framework, asset utilisation
The legislation further clarifies approval mechanisms for PPP projects, including simplified procedures for smaller projects through relevant ministries and divisions.
It introduces provisions to facilitate the productive use of underutilised government land, assets and shares, aiming to unlock new investment opportunities.
Part of reform agenda
Officials said the move marks a key step in implementing the government’s 180-day action plan announced in March 2026 to improve the business environment.
The unified structure is expected to reduce policy inconsistencies, eliminate duplication among agencies and strengthen coordination, paving the way for a modern, internationally aligned investment management system.
Once the law comes into force, the existing legal frameworks governing BIDA (2016), BEZA (2010), PPPA (2015) and the One Stop Service Act (2018) will be repealed, with their mandates consolidated under Invest Bangladesh.