Bangladesh, Oct. 18 -- A delegation of Japanese investors has announced plans to invest an initial US$1.2 billion in Bangladesh's tourism and hospitality sector, opening up fresh prospects for foreign investment in the country's largely untapped tourism industry.Buy Maps

The announcement came during a meeting with Civil Aviation and Tourism Minister M. Rashiduzzaman Millat at the ministry's conference room in the Bangladesh Secretariat this afternoon on Sunday.

The Japanese investors expressed their strong interest in Bangladesh's tourism industry and readiness to work with the government to develop tourism infrastructure and hospitality facilities, reports BSS, citing a press release.

Welcoming the investment announcement, Minister M...