Dhaka, Bangladesh (BBN)– An Indian company will set up a water park, in the world’s longest sea beach Cox’s Bazar.

Intraco Group, a Bangladeshi company has signed a memorandum of understanding (MoU) with Nicco Park and Resorts Limited of India in Kolkata on Saturday in this connection.

The water park will come up on four acres already earmarked. The total project will cost around $10 million.

Commerce Minister Muhammad Faruk Khan, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President AK Azad and Intraco Group Managing Director Riyadh Ali were present at the signing ceremony.

BBN/SSR/AD-28Dec10-2:17 am (BST)