Dhaka, Sept. 4 -- The Moheshkhali-Matarbari initiative is poised to become one of Bangladesh's most transformative development projects, with the potential to create direct and indirect employment for nearly 2.5 million people and contribute an estimated $150 billion to the national GDP.

Chief Adviser Professor Muhammad Yunus, while addressing a meeting with members of the newly-formed Moheshkhali Integrated Development Authority (MIDA) at the State Guest House Jamuna on Wednesday, described the project as far more than a deep-sea port.

"This is not just about building a port. We must think in terms of a blue economy and a global gateway. Moheshkhali and Matarbari will give rise to a modern city, opening up international connectivity th...