Ifad allotted land in Bangabandhu Industrial City

Ifad Autos Limited, an engineering company listed in the capital market, has been allotted 30 acres of land in Bangabandhu Sheikh Mujib Industrial City. This information has been known from DSE sources.

It is learned that Bangladesh Economic Zone Authority (BEZA) has allotted this amount of land to the company. The land has been allotted to the company at Mirsarai-Feni Bangabandhu Sheikh Mujib Industrial City for conducting industrial development, conducting commercial activities and building infrastructure. The land has been leased for 50 years.

The company will release other information after the completion of the agreement with the Bangladesh Economic Zone Authority.

Sunbd/NJ