[🇧🇩] The Evolving Partnership Between Bangladesh and UAE

UAE keen to invest in Ctg port
Bangladesh Sangbad Sangstha . Dhaka 29 September, 2024, 22:26

The United Arab Emirates is keen to invest in Chattogram port for financial benefit of the both countries.

UAE ambassador in Bangladesh Abdullah Ali Al Hamoudi on Sunday expressed the interest in a meeting with adviser of the interim government on shipping, textiles and jute Brigadier General (retired) M Sakhawat Hossain at his secretariat office.

The envoy said that, as a friendly country, UAE believes that both the countries would be benefitted from the investment of UAE in Bangladesh particularly in the Chattogram port.

The UAE envoy told the adviser that Dubai-based ‘DP World’, an Emirati multinational logistic company, was now engaged in sea port management in more than 60 countries.

‘We have experience in construction of the London Gateway Por. We also have better experience in the sub-continental countries like India, Pakistan and Sri Lanka on sea port management,’ he said.

Welcoming the investment proposal of the UAE, the adviser said that Bangladesh always welcomed the foreign investment and the country had multidimensional relations with UAE in various sectors including trade and commerce.

‘I think that the friendly relations between the two countries would reach to a new height through this investment,’ Sakhawat said.

The adviser requested the UAE envoy for making transit visa for Bangladeshi sailors easier. The UAE ambassador in reply said that they would consider the matter sincerely.

Sakhawat Hossain also urged the UAE envoy to invest in jute and textiles sectors of Bangladesh saying that the demand of the environment friendly jute products of Bangladesh were on the rise across the world.

Foreign investment is increasing steadily in the jute and textiles sectors of Bangladesh, the adviser said urging the UAE ambassador for considering these lucrative sectors for investment.

The UAE ambassador led a five-member delegation of his country in the meeting while jute and textiles secretary M Abdur Rauf, additional shipping secretary Sanjoy Kumar Banik and other senior officials were present.​

Top UAE firms keen to invest in Bangladesh
FE ONLINE REPORT
Published :
Oct 30, 2024 14:29
Updated :
Oct 30, 2024 14:29



The United Arab Emirates is very keen to invest in Bangladesh's logistics, ports, aviation and renewable energy sector and expressed readiness to support the interim government of the country, ambassador of the Gulf nation said on Tuesday.

Ambassador Abdulla Ali Abdulla AlHmoudi expressed the desire of the country when he called on Professor Muhammad Yunus, the chief adviser of Bangladesh's interim government, at the state guest house Jamuna in Dhaka, said a spokesperson of the CA office.

During the meeting, Professor Yunus thanked the UAE President Mohamed bin Zayed Al Nahiyan for the release of 57 Bangladeshi people after they were convicted and sentenced by a UAE court recently.

"It was a wonderful gesture. The whole nation was very happy," Yunus said. He also thanked the UAE government for hosting some 1.0 million Bangladeshi migrants.

Ambassador AlHmoudi expressed his government support for Bangladesh at a "critical time of the country" and said the UAE would stand by the interim government and its pro-business policies and reform agenda.

He said the DP World, one of the world's largest port operators, and Abu Dhabi Ports are very interested to invest in Chittagong port to help boost the country's export competitiveness to the world.

He said Masdar, another top firm in the UAE, is also interested to invest in renewable energy including floating solar projects-- the kind of which it has built in Indonesia.

Professor Yunus said his government has already rolled out business friendly policies and would be happy to see more investment from the UAE and visit of more Emirati business people to Bangladesh.​