Cox's Bazar Eco-Resort Project Targets USD 500M Foreign Investment

(MENAFN- Bangladesh Monitor) Dhaka: A proposed luxury eco-resort in Bangladesh's Cox's Bazar-Teknaf coastal area could attract around USD 500 million in foreign investment as investors seek to expand the country's high-end tourism infrastructure.

A memorandum of understanding for the project was signed September 26 in Kuala Lumpur, Malaysia, by Malaysian hotel entrepreneur Tan Sri Syed Yusof Jojo, former Maldivian tourism minister Ahmed Adeeb and Dr. Kamrul Ahsan, chairman of Bangladesh's Versatilo Group.

The partners plan to establish a joint investment company in Bangladesh to develop the resort, which is expected to combine luxury accommodation with nature-focused tourism.

The proposed development is planned to include hotels and private villas, international-standard restaurants, wellness and health facilities, entertainment spaces and other facilities designed around the coastal environment.

According to the project promoters, discussions are underway with international hotel groups over management and operational arrangements. Mövenpick, Novotel and Grand Hyatt are among the brands being considered, although the final operator and brand will be selected after commercial negotiations and required procedures.

Jojo, whose previous projects include Four Seasons Kuala Lumpur, Concorde Hotel and Hard Rock Hotel Penang, said the Cox's Bazar development represents an attractive investment opportunity.

Adeeb said Maldivian experience in coastal tourism could contribute to the project, while Ahsan said the initiative aims to establish a globally oriented eco-tourism destination in Bangladesh.

Spread the word More from ResortsView All Latest NewsSee All Cox's Bazar eco-resort project targets USD 500m foreign investmentResorts30 minutes ago Prime Bank partners with Dashboard, D Autos to offer customer benefitsBanking and Financeabout 1 hour ago Gulf Air launches direct Bahrain-Kuala Lumpur serviceAirlines and Routesabout 1 hour ago Turkish Airlines seeks three additional weekly flights to DhakaAirlines and Routesabout 1 hour ago Bangladesh remains lowest-ranked in APAC tourism development indexTourismabout 2 hours ago Bangladesh's narrow window to win Japan's appetite for new destinationsTourismabout 2 hours ago Air India, Adani Airports launch online duty-free shoppingAirport Loungeabout 2 hours ago Etihad adds second daily Sydney flightAirlines and Routesabout 2 hours ago Unruly passengers in sky: growing threat to aviation safetyAviationabout 2 hours ago Mousumi Mou signs deal as Ispahani Mirzapore Tea ambassadorCorporate Pulseabout 3 hours ago Gentle Park celebrates 20 years with nationwide offerLife & Styleabout 3 hours ago MTB joins BB's export diversification refinancing schemeBanking and Financeabout 3 hours ago Prime Bank, MHTC, Irving Aviation jointly ease medical travel to MalaysiaBanking and Financeabout 3 hours ago KOI Thé Bangladesh secures halal certificationRestaurantsabout 3 hours ago German café chain Barock opens new outlet in Gulshan-2Restaurantsabout 3 hours ago Cox's Bazar airport begins trial operations at new international terminalAirports and Infrastructureabout 3 hours ago Dhaka's aviation paradox: Can single runway support airline boom?Aviationabout 3 hours ago Bangladesh, Korea discuss greater investment in AI, shipbuildingTelecom and Techabout 15 hours ago Air Astra fleet doubles to six with third brand-new ATR 72-600Fleet and Aircraftabout 15 hours ago BIHA delegation explores tourism opportunities in VietnamTourismabout 18 hours ago Report finds fresh details about Vietnam Airlines 787 takeoff overrunAirlines and Routesabout 19 hours ago Radisson Blu Dhaka hosting culinary festival marking Tourism DayHotelsabout 19 hours ago Bangladesh seeks more flights to Türkiye, also from Chattogram, SylhetAviationabout 21 hours ago Nepal's civil aviation authority split bill nears cabinet approvalAviationabout 21 hours ago Airbus A350F freighter completes maiden flightCargo and Logisticsabout 21 hours ago Tokyo hits record 34 straight rainy daysVisa and Travel Updatesabout 21 hours ago Diplomats call for targeted tourism promotion to put Bangladesh on global mapTourismabout 22 hours ago Crowne Plaza Dhaka Airport wins World Travel Award 2026Awardsabout 24 hours ago Global air cargo demand rises 4.4pc in August: IATACargo and Logisticsabout 24 hours ago Tourism, aviation, hospitality key areas for UK investment in BangladeshAviation Business about 24 hours ago MTB, Continental Hospital jointly offer health checkups to privilege customersBanking and FinanceSep 30, 2026 BB expands int'l card access for foreign airline ticket purchaseAviation Business Sep 30, 2026 Bangladesh seeks UK investment in tourism, help on air cargo restrictionsTourismSep 30, 2026 EU Ambassador, Expat Minister discuss safe migration, labor law reformsNRB ConnectSep 29, 2026 Kuakata Tourism Carnival 2026 to be held on October 23, 24TourismSep 29, 2026 DHL Aviation appoints two sales directors for AsiaCargo and LogisticsSep 29, 2026 Thai Airways cancels flights as baggage crisis strands passengersAirlines and RoutesSep 29, 2026 First Emirates Boeing 777-9 rolls out of Everett factoryFleet and AircraftSep 29, 2026 Sri Lanka named among world's 10 fastest-improving tourism economiesTourismSep 29, 2026 Asia Pacific airlines' international traffic slips 0.6% in AugustAirlines and RoutesSep 29, 2026 Biman to sign Airbus deal in October, latest Boeing jets to cost USD 2.7bAviationSep 29, 2026 The Way Dhaka dubbed Leading Boutique Hotel for second consecutive yearAwardsSep 29, 2026 Jhinuk family marks World Tourism Day with beach cleanup in Cox's BazarTourismSep 28, 2026 No hidden agenda in Boeing deal: Humaiun KobirAviation Business Sep 28, 2026 Malaysia-Bangladesh Tourism, Arts and Cultural Network launched in DhakaTourismSep 28, 2026 Bangladesh, UAE discuss expanding jobs for skilled workers, aviation cooperationNRB ConnectSep 28, 2026 Tourism Board holds views-exchange meeting with industry stakeholdersTourismSep 28, 2026 World Tourism Day 2026: Peninsula Chittagong launches Chattogram's Digital ItineraryHotelsSep 28, 2026 Bangladesh, Pakistan discuss strengthening connectivityTourismSep 28, 2026 World Tourism Day celebrated in Sajek Valley for first timeTourismSep 28, 2026 Most PopularSee All The Way Dhaka dubbed Leading Boutique Hotel for second consecutive yearAwardsSep 29, 2026 Singapore offers technology support for border, immigration securityTravel TechSep 27, 2026 Thai Airways waives date change fee for flood-hit travelersAirlines and RoutesSep 27, 2026 MTB, Runner Motors jointly expand financing for commercial vehiclesBanking and FinanceSep 24, 2026 Qatar Airways quietly retires Airbus A330 fleet, sends pilots to RwandAirFleet and AircraftSep 27, 2026 US-Bangla ranks 4th among South Asia's top regional airlinesAirlines and RoutesSep 26, 2026 42 Bangladeshi students leave for Pakistan under scholarship programNRB ConnectSep 23, 2026 Institute/TrainingSep 27, 2026 Thai Airways cancels flights as baggage crisis strands passengersAirlines and RoutesSep 29, 2026 Biman doubles down on Boeing, orders 11 more jetsFleet and AircraftSep 24, 2026 ATR appoints new CEO, CFOFleet and AircraftSep 26, 2026 Airlines prepare for winter capacity cuts as fuel costs riseAviation Business Sep 26, 2026 DHL Express announces annual price adjustments for 2027 in BangladeshCargo and LogisticsSep 25, 2026 Airbus reveals date for A350F freighter's maiden flightCargo and LogisticsSep 27, 2026 Nepal's third international airport gets its first scheduled overseas flightAirlines and RoutesSep 24, 2026 Boeing warns of 737 MAX software flaw in landing navigationFleet and AircraftSep 27, 2026 Bangladesh to observe World Tourism Day with focus on AI, digital tourismTourismSep 26, 2026 World Tourism Day 2026: Peninsula Chittagong launches Chattogram's Digital ItineraryHotelsSep 28, 2026 Himalaya Airlines to add new route in China, resume anotherAirlines and RoutesSep 26, 2026 Turkish Airlines places its largest narrow-body order from BoeingFleet and AircraftSep 24, 2026 Bangladesh, UAE discuss expanding jobs for skilled workers, aviation cooperationNRB ConnectSep 28, 2026 Westin Dhaka launches kebab festival featuring global flavorsHotelsSep 24, 2026 Malaysia's first halal airline plans comeback focusing Hajj, UmrahAviationSep 24, 2026 DHL Express, Singapore Airlines renew Boeing 777 freighter partnershipCargo and LogisticsSep 26, 2026 Tourism Board holds views-exchange meeting with industry stakeholdersTourismSep 28, 2026 Crowne Plaza Dhaka Gulshan holds charity run for childrenHotelsSep 26, 2026 Cox's Bazar airport to start domestic flights from new terminal on September 28Airports and InfrastructureSep 26, 2026 Air Astra fleet doubles to six with third brand-new ATR 72-600Fleet and Aircraftabout 15 hours ago Europe visa seekers seek BMET clearance for 3 countriesNRB ConnectSep 24, 2026 Global airport passenger growth slows sharply in 2026: ACI WorldAirports and InfrastructureSep 26, 2026 Bangladesh seeks more flights to Türkiye, also from Chattogram, SylhetAviationabout 21 hours ago Biman to sign Airbus deal in October, latest Boeing jets to cost USD 2.7bAviationSep 29, 2026 Bangladesh Tourism Board marks World Tourism Day with colorful rallyTourismSep 27, 2026 Airbus A350F freighter completes maiden flightCargo and Logisticsabout 21 hours ago Malaysia Airlines boosts China presence as traffic climbs 27pcAirlines and RoutesSep 24, 2026 IATA urges wider cargo checks to curb hidden dangerous goodsCargo and LogisticsSep 27, 2026 United receives first GTF Advantage-powered A321XLRFleet and AircraftSep 27, 2026 First Emirates Boeing 777-9 rolls out of Everett factoryFleet and AircraftSep 29, 2026 No hidden agenda in Boeing deal: Humaiun KobirAviation Business Sep 28, 2026 Boeing's Singapore Training Campus celebrates its 20th anniversaryInstitute/TrainingSep 28, 2026 Emirates opens £10m luxury lounge at Manchester AirportAviationSep 27, 2026 EU Ambassador, Expat Minister discuss safe migration, labor law reformsNRB ConnectSep 29, 2026 Prime Bank secures EUR 20m loan to expand MSME financingBanking and FinanceSep 26, 2026 Russia strengthens small modular reactor production capabilityOthersSep 24, 2026 Malaysia Airlines renews materials management deal with BoeingMRO and EngineeringSep 24, 2026 Diplomats call for targeted tourism promotion to put Bangladesh on global mapTourismabout 22 hours ago Malaysia-Bangladesh Tourism, Arts and Cultural Network launched in DhakaTourismSep 28, 2026 Bangladesh, Pakistan discuss strengthening connectivityTourismSep 28, 2026 Bangladesh seeks UK investment in tourism, help on air cargo restrictionsTourismSep 30, 2026 DHL Aviation appoints two sales directors for AsiaCargo and LogisticsSep 29, 2026

MENAFN01102026000163011034ID1111743573