Bangladesh, Oct. 18 -- Japanese investors have announced plans to invest an initial USD 1.2 billion in Bangladesh's tourism and hospitality sectors, according to a press release issued by the Ministry of Civil Aviation and Tourism.

The announcement came at a meeting between Japanese investor representatives and Civil Aviation and Tourism Minister M. Rashiduzzaman Millat at the ministry's conference room at the Bangladesh Secretariat in the capital on 18 October. TrackFlights

Welcoming the proposal, the minister said the government would encourage foreign investment to unlock Bangladesh's diverse tourism potential, which includes the Sundarbans, the world's largest mangrove forest; Cox's Bazar, known for its long, unbroken, natural sand...