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Akij Consulting Business Desk

Unlocking the Bay: Bangladesh’s Blue Economy — Prospects & Challenges

Bangladesh commands a vast maritime space (≈118,813–207,000 km²; 710 km coastline). The ocean economy already contributes ~3% of GDP and supports ~30 million coastal residents—yet multiple high-value sectors remain under-tapped.

𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀

• 𝗣𝗼𝗿𝘁𝘀 & 𝗹𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀: Capacity uplift from Bay Terminal and Matarbari deep-
sea port can cut dwell time and unlock value-added services.
• 𝗙𝗶𝘀𝗵𝗲𝗿𝗶𝗲𝘀 & 𝗾𝘂𝗮𝗰𝘂𝗹𝘁𝘂𝗿𝗲: With deep-sea fleets, hatcheries, offshore
aquaculture, and cold chains, marine output can grow substantially from
current baselines.
• 𝗘𝗻𝗲𝗿𝗴𝘆 & 𝗺𝗶𝗻𝗲𝗿𝗮𝗹𝘀: 26 offshore blocks plus heavy mineral sands
(garnet/ilmenite) offer long-term options—given responsible exploration
and safeguards.
• 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀: Early wind projects and coastal hybrids can diversify supply
and improve energy security.
• 𝗕𝗹𝘂𝗲 𝘁𝗼𝘂𝗿𝗶𝘀𝗺: Curated routes (Cox’s Bazar–St. Martin’s–Chattogram) with
eco-standards can lift jobs and FX earnings.

𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀

• Fragmented governance and overlapping mandates.
• Limited investable data (seismic/hydrographic) and bankable terms for
E&P.
• Under-capacity in deep-sea fishing, vessel tech, and enforcement.
• Port congestion, shallow drafts, and weak hinterland connectivity.
• Environmental risks to coastal ecosystems without strict stewardship.

𝗠𝗼𝘃𝗲𝘀 𝘁𝗼 𝘂𝗻𝗹𝗼𝗰𝗸 𝘀𝗰𝗮𝗹𝗲—𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝘆

>𝗨𝗻𝗶𝗳𝗶𝗲𝗱 𝗕𝗹𝘂𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝘆 to align policy, licensing, conservation,
and enforcement.
>𝗠𝘂𝗹𝘁𝗶-𝗰𝗹𝗶𝗲𝗻𝘁 𝗺𝗮𝗽𝗽𝗶𝗻𝗴 & 𝗶𝗻𝘃𝗲𝘀𝘁𝗮𝗯𝗹𝗲 𝘁𝗲𝗿𝗺𝘀 (PSC) to attract credible offshore
E&P and seabed-mineral pilots.
>𝗗𝗲𝗲𝗽𝗲𝗿 𝗱𝗿𝗮𝗳𝘁𝘀, 𝗮𝘂𝘁𝗼𝗺𝗮𝘁𝗶𝗼𝗻 & 𝗶𝗻𝗹𝗮𝗻𝗱 𝗹𝗶𝗻𝗸𝘀 to cut logistics cost and turn
ports into value hubs.
>𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹𝗶𝘇𝗲 𝗺𝗮𝗿𝗶𝗻𝗲 𝗽𝗿𝗼𝘁𝗲𝗶𝗻: deep-sea vessels, sustainable quotas,
hatcheries/offshore farms, end-to-end cold chain.
>𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗲 𝗰𝗼𝗮𝘀𝘁𝗮𝗹 𝗿𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲𝘀 with bankable PPAs and grid readiness.
>𝗖𝘂𝗿𝗮𝘁𝗲 𝗯𝗹𝘂𝗲 𝘁𝗼𝘂𝗿𝗶𝘀𝗺 & 𝗰𝗿𝘂𝗶𝘀𝗲𝘀 via zoned infrastructure and destination
management.

𝗕𝗼𝘁𝘁𝗼𝗺 𝗹𝗶𝗻𝗲

With coordinated governance, investable data, and targeted capex in ports, fisheries, offshore energy, and renewables, Bangladesh can turn its maritime frontier into a resilient growth engine—balancing jobs, FX, and energy security with stewardship of the Bay of Bengal.

Full Article: 𝗨𝗻𝗹𝗼𝗰𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗕𝗮𝘆: 𝗕𝗮𝗻𝗴𝗹𝗮𝗱𝗲𝘀𝗵’𝘀 𝗕𝗹𝘂𝗲 𝗘𝗰𝗼𝗻𝗼𝗺𝘆