UAE keen to invest in Bangladesh: envoy | The Daily Star
12:00 AM, March 25, 2019 / LAST MODIFIED: 12:07 AM, March 25, 2019

UAE keen to invest in Bangladesh: envoy

Saed-Mohammed Al-Mheiri, ambassador of the UAE to Bangladesh, has said his country is keen to deepen its bilateral relations with Bangladesh on all fronts.

''My country is eager to invest in different sectors in Bangladesh and we would like to extend our hands to businessmen of both the countries in order to increase the business volume,” he added.

The UAE envoy made the remarks while delivering his speech at the Business Conference and Networking Session on ''UAE- Bangladesh Business Ties: Present Status and Future Opportunities'' at a city hotel yesterday.

The UAE's embassy in Bangladesh in association with Intraco group and Royal Paradise arranged the event.

Businessmen from both the countries discussed the current trends of trade and investment, success stories, operational problems of doing business, future growth prospects and prioritised areas for cooperation at the event.

They also discussed the ideas and propositions that will mutually benefit both countries, according to a press release.

The ambassador also pointed out that the recent visit of Prime Minister Sheikh Hasina to UAE has strengthened the brotherly ties of the two nations.

Several memoranda of understanding were signed at the governmental and private sector levels during the visit. The implementation of these MoUs will boost the bilateral ties, he said.

The ambassador said the two-way trade has significantly increased in the recent years and both countries bilateral trade crossed $1 billion.

“We have a room to expand our business and economic ties in the areas of energy and power, RMG, ports and aviation, leather and jute goods, light engineering, jewelry items, flowers, ornamental items, plastics etc.”

He further said Bangladesh has set an example in the world by providing shelter to the Rohingya Muslims in Bangladesh.

The UAE has also raised its voice globally and extended wholehearted support on the humanitarian ground to the Rohingya's growing need for aid, including shelter, food, water and healthcare through different organizations, he said.

“Many UAE companies are also keen to invest and do business in different sectors in Bangladesh,” he continued.

“UAE-Bangladesh relations are deep-rooted and excellent,” said Kazi M Aminul Islam, executive chairman of Bangladesh Investment Development Authority (BIDA).

“Bangladesh is now a unique platform for foreign investors. The return on investment is very high in Bangladesh compared to the rest of the world.”

Bangladesh will accept any type of investment and will also remove if there are any barriers in the way of investment, Islam said.

Abdulla Ali Alhmoudi, deputy head of mission of the UAE embassy in Bangladesh; Mohammed Riyadh Ali, managing director of Intraco Group; Saeed Abdulla Al Miran, country manager of Emirates Airlines; Imran Ahmed, vice president of Dhaka Chamber of Commerce and Industry, and Mohammed Mahtabur Rahman, chairman and managing director of Al Haramain Perfumes and chairman of NRB Bank, were also present.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Type START <space> BR and send SMS it to 22222

Type START <space> BR and send SMS it to 2222

Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News