As many as 20 fresh investment projects are being prepared for Bangladesh.
Bangladeshis are major investors in the UAE economy where more than 50,000 businesses are owned and successfully run by Bangladeshi expatriates who employ more than 150,000 people collectively.
"Bangladesh is more than ready to receive a higher level of Foreign Direct Investment (FDI) that jumped 69 percent last year to US$3.61 billion," Salman F Rahman, Advisor to Bangladesh Prime Minister for Private Industry and Investment, who works closely with Bangladesh Prime Minister, said. "We have seen large investments coming from China, Japan, and the United States. We believe, investors from the GCC countries, especially Saudi Arabia and the UAE, should take advantage of the lower cost of investment, operations and higher return on investment in Bangladesh.
BIDA, BEZA, and BHTPA – the three Investment Promotion Agencies (IPAs) of Bangladesh Government are participating in such an international investment conference in the Gulf for the first time – undertaken by Bangladesh Economic Forum, a private sector initiative of the UAE-base Non-Resident Bangladeshi professionals and entrepreneurs.
Bangladesh economy is growing at 7.9 percent in FY18. Bangladesh is on a growth overdrive that will see its economy growing at 8 percent plus in the next few years which will make it the fastest growing economy in the world. In order to sustain 8 percent-plus GDP growth, Bangladesh needs massive foreign and domestic investment which will create employment and ensure sustainable development.
The UAE and the GCC countries could be major sources for investment into Bangladesh. Time has come for Bangladesh to expedite investment opportunities from the UAE and help build the country's future.
Salman F Rahman said - "We are developing 100 economic zones and 28 hi-tech parks in Bangladesh for investors to set up their operations and benefit from the lowest labor cost and very low operational costs. Our brothers and investor friends from the UAE and Gulf should benefit from the growing opportunities in Bangladesh."
Bilateral relations between Bangladesh and the UAE is set to reach to a completely new level this year with the US$10 billion worth of investment pledged by UAE investors into Bangladesh's energy, ports, power and infrastructure sectors that will help fuel the economic growth of Bangladesh.
Bangladesh and the UAE signed four memoranda of understanding (MoUs) on establishing a port, industrial park, supply and setting up a liquefied natural gas (LNG) terminal, power plants, and a special economic zone in Bangladesh, during a three-day visit by Bangladeshi Prime Minister Sheikh Hasina to the UAE in February this year.
Prime Minister Sheikh Hasina witnessed the signing of the documents at St Regis Hotel in Abu Dhabi. The Government of Dubai and Public Private Partnership (PPP) Authority under the Prime Minister's Office signed the first MoU to set up a port, dry port, and an industrial park in Bangladesh. Chairman of DP World, Sultan Ahmed bin Sulayem, and Bangladesh Shipping Secretary, M Abdus Samad, signed the document.
Bangladeshis are major investors in the UAE economy where more than 50,000 businesses are owned and successfully run by Bangladeshi expatriates who employ more than 150,000 people collectively.
"Bangladesh is more than ready to receive a higher level of Foreign Direct Investment (FDI) that jumped 69 percent last year to US$3.61 billion," Salman F Rahman, Advisor to Bangladesh Prime Minister for Private Industry and Investment, who works closely with Bangladesh Prime Minister, said. "We have seen large investments coming from China, Japan, and the United States. We believe, investors from the GCC countries, especially Saudi Arabia and the UAE, should take advantage of the lower cost of investment, operations and higher return on investment in Bangladesh.
BIDA, BEZA, and BHTPA – the three Investment Promotion Agencies (IPAs) of Bangladesh Government are participating in such an international investment conference in the Gulf for the first time – undertaken by Bangladesh Economic Forum, a private sector initiative of the UAE-base Non-Resident Bangladeshi professionals and entrepreneurs.
Bangladesh economy is growing at 7.9 percent in FY18. Bangladesh is on a growth overdrive that will see its economy growing at 8 percent plus in the next few years which will make it the fastest growing economy in the world. In order to sustain 8 percent-plus GDP growth, Bangladesh needs massive foreign and domestic investment which will create employment and ensure sustainable development.
The UAE and the GCC countries could be major sources for investment into Bangladesh. Time has come for Bangladesh to expedite investment opportunities from the UAE and help build the country's future.
Salman F Rahman said - "We are developing 100 economic zones and 28 hi-tech parks in Bangladesh for investors to set up their operations and benefit from the lowest labor cost and very low operational costs. Our brothers and investor friends from the UAE and Gulf should benefit from the growing opportunities in Bangladesh."
Bilateral relations between Bangladesh and the UAE is set to reach to a completely new level this year with the US$10 billion worth of investment pledged by UAE investors into Bangladesh's energy, ports, power and infrastructure sectors that will help fuel the economic growth of Bangladesh.
Bangladesh and the UAE signed four memoranda of understanding (MoUs) on establishing a port, industrial park, supply and setting up a liquefied natural gas (LNG) terminal, power plants, and a special economic zone in Bangladesh, during a three-day visit by Bangladeshi Prime Minister Sheikh Hasina to the UAE in February this year.
Prime Minister Sheikh Hasina witnessed the signing of the documents at St Regis Hotel in Abu Dhabi. The Government of Dubai and Public Private Partnership (PPP) Authority under the Prime Minister's Office signed the first MoU to set up a port, dry port, and an industrial park in Bangladesh. Chairman of DP World, Sultan Ahmed bin Sulayem, and Bangladesh Shipping Secretary, M Abdus Samad, signed the document.
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