Ministry Approves $1 Billion Matarbari Shipyard Project

services for large commercial vessels, reducing the need for costly trips to shipyards in Singapore or China. This development is projected to generate approximately 1,300 direct jobs and 2,600 indirect jobs, contributing significantly to local employment. The establishment of the Matarbari dockyard aligns with efforts to enhance the country’s maritime infrastructure and self-reliance in ship maintenance and construction. If completed, it will serve as a strategic asset for the shipping industry, supporting economic growth and operational efficiency. The project’s appraisal phase will determine the final investment and operational details before moving forward with construction and implementation.