Dhaka, Sept. 11 -- Bangladesh is focusing on the Bay of Bengal as the gateway to a new era of economic growth. Through an ambitious 30-year development plan, the government aims to transform the coastal region of Moheshkhali-Matarbari into a global hub for the blue economy -an economic model based on sustainable use of ocean resources for growth and jobs. The Moheshkhali Integrated Development Authority (MIDA), a newly formed body, is leading this transformation.

The plan includes the development of a deep-sea port, integrated energy facilities, transport infrastructure, and industrial zones - designed to position the region as a strategic maritime and energy gateway for South and Southeast Asia. According to MIDA, the project will attra...