The government of China and Bangladesh, in 2016, signed an MoU to set up a Chinese Economic and Industrial Zone (CEIZ) in Anwara Upazila in Chittagong. With an existing area of 781 acres, it is reported the CEIZ, a government to government initiative, is expected to be operational in three years ahead. Initially, the Bangladesh Economic Zones Authority (BEZA) sought 44.95 USD interest-free fund for land acquisition of CEIZ from the Finance Division of Bangladesh. The division has requested BEZA to consult Planning Commission to get fund from the Revised Annual Development Programme (RADP). Later, a report said that the CEIZ is set to be built under a Chinese government soft loan of USD 280.71 million. in 2020, a Chinese company (China Harbour) agreed to a USD 100 million investment in CEIZ and the Bangladeshi government allocated USD 50 million but the project has not started yet and is likely to take 5 years to become fully operational and would create employment for 2,00,000 persons.
It will accommodate around 200 industrial units including textile, pharmaceuticals, electronics, garments, chemical, ship-building, agro-based, and Information Technology (IT).