Chittagong
Economy

A substantial share of Bangladesh's national GDP is attributed to Chittagong. The port city contributes 12% of the nation's economy. Chittagong generates for 40% of Bangladesh's industrial output, 80% of its international trade and 50% of its governmental revenue. The Chittagong Stock Exchange has more than 700 listed companies, with a market capitalisation of US$32 billion in June 2015. The city is home to many of the country's oldest and largest corporations. The Port of Chittagong handled US$60 billion in annual trade in 2011, ranking 3rd in South Asia after the Port of Mumbai and the Port of Colombo. The port is part of the Maritime Silk Road that runs from the Chinese coast via the Suez Canal to the Mediterranean and on to the Upper Adriatic region of Trieste with rail connections to Central and Eastern Europe.

The Agrabad area is the main central business district of the city. Major Bangladeshi conglomerates headquartered in Chittagong include M. M. Ispahani Limited, BSRM, A K Khan & Company, PHP Group, James Finlay Bangladesh, the Habib Group, the S. Alam Group of Industries, Seamark Group, KDS Group and the T. K. Group of Industries. Major state-owned firms headquartered there include Pragati Industries, the Jamuna Oil Company, the Bangladesh Shipping Corporation, and the Padma Oil Company. The Chittagong Export Processing Zone was ranked by the UK-based magazine, Foreign Direct Investment, as one of the leading special economic zones in the world, in 2010. Other SEZs include the Karnaphuli Export Processing Zone and Korean EPZ. The city's key industrial sectors include petroleum, steel, shipbuilding, chemicals, pharmaceuticals, textiles, jute, leather goods, vegetable oil refineries, glass manufacturing, electronics and motor vehicles. The Chittagong Tea Auction sets the price of Bangladesh Tea. The Eastern Refinery is Bangladesh's largest oil refinery. GlaxoSmithKline has had operations in Chittagong since 1967. Western Marine Shipyard is a leading Bangladeshi shipbuilder and exporter of medium-sized ocean-going vessels. In 2011–12, Chittagong exported approximately US$4.5 billion in ready-made garments. The Karnaphuli Paper Mills were established in 1953.

International banks operating in Chittagong include HSBC, Standard Chartered and Citibank NA.Chittagong is often called Bangladesh's commercial capital due to its diversified industrial base and seaport. The port city has ambitions to develop as a global financial center and regional transshipment hub, given its proximity to North East India, Burma, Nepal, Bhutan and Southwest China.

By 2024, the Chittagong-based S Alam Group emerged as one of Bangladesh's most powerful conglomerates, with interests in energy, commodities, infrastructure, economic zones, healthcare, textiles and fintech. S Alam's projects include a $640 million steel plant, a $2.6 billion power plant and a $3 billion renewable energy plant. It is investing 580 billion BDT in two industrial zones in Chittagong. S Alam also has substantial offshore assets, including a billion dollars worth of real estate in Singapore. Its portfolio in Singapore includes the city-state's Hilton Garden Inn Serangoon hotel. The S Alam Group enjoys close ties with the ruling Awami League party in Bangladesh. The group has been subjected to intense media scrutiny.
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