[🇧🇩] The Evolving Partnership Between Bangladesh and UAE

[Saif]

Source : https://www.newagebd.net/post/trade-commerce/246524/uae-keen-to-invest-in-ctg-port

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.​

 

[Saif]

Top UAE firms keen to invest in Bangladesh

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 th

thefinancialexpress.com.bd

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.​

 

[Saif]

Top UAE companies to invest in Bangladesh

Two major companies from the United Arab Emirates, Abu Dhabi Ports Group and Masdar, have unveiled plans to invest in Bangladesh’s port development, management, and logistics, as well as the renewable energy sector.

www.thedailystar.net

Top UAE companies to invest in Bangladesh

Two major companies from the United Arab Emirates, Abu Dhabi Ports Group and Masdar, have unveiled plans to invest in Bangladesh's port development, management, and logistics, as well as the renewable energy sector.

The proposals were presented by Ahmad Ibrahim Al Mutawa, CEO of Abu Dhabi Ports Group, and Fatima Almadhloum Alsuwaidi, head of development and investment for Asia-Pacific at Masdar, during a meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna.

"Bangladesh is ready for business," said the chief adviser, welcoming the investment proposals.

"Bring your people and set up as many plants as you want."

Abu Dhabi Ports Group, the fourth major port operator to express interest in Bangladesh in just one week, aims to partner with the Chittagong Port Authority to develop one of the proposed Bay Terminals.

This venture would involve financing, operating, and maintaining container and multipurpose terminals.

Masdar, a renewable energy company, has proposed a $500 million investment in a 250-megawatt solar power project on reclaimed coastal land.


UAE Ambassador Abdulla Ali Alhmoudi and other senior officials, including Khalilur Rahman and Lamiya Morshed, were also present.

During the meeting, Alhmoudi extended an invitation for the Chief Adviser to attend the World Government Summit in Dubai this February.​

 

[Saif]

Mongla Port will be developed as a center for regional trade: Sakhawat

The country’s second-largest seaport, Mongla Port, will be transformed into a hub for international connectivity and trade, said Brigadier General (retd.) Dr. M. Sakhawat Hossain, adviser to the Ministry of Shipping and the Ministry of Labour and Employment. He made this statement during a m

thefinancialexpress.com.bd

Mongla Port will be developed as a center for regional trade: Sakhawat
UNB
Published :
Jan 28, 2025 19:57
Updated :
Jan 28, 2025 19:57

The country’s second-largest seaport, Mongla Port, will be transformed into a hub for international connectivity and trade, said Brigadier General (retd.) Dr. M. Sakhawat Hossain, adviser to the Ministry of Shipping and the Ministry of Labour and Employment.

He made this statement during a meeting with a delegation from Abu Dhabi Ports Group of the United Arab Emirates (UAE) at the Secretariat on Tuesday.

The shipping advisor invited the Abu Dhabi Ports Group to invest in the infrastructure development of Mongla Port, stating:

“Mongla Port is only 210 kilometers away from the capital Dhaka by road. With the infrastructure for sea, road, and rail transport in place, it is now easy to transport goods across various parts of the country. At the same time, this port has great potential for use by neighboring countries like Nepal, India, and Bhutan. In this context, there are excellent investment opportunities for both local and foreign investors at Mongla Port, including Abu Dhabi Ports Group.”

The UAE’s Abu Dhabi Ports delegation welcomed the shipping advisor’s proposal, expressing interest in investing in the infrastructure development of various ports in Bangladesh, including Chittagong and Mongla.

They also mentioned that the UAE would like to be involved in the Bangladesh government’s project to build a new terminal at Chittagong Port to create world-class facilities. AD Ports is also interested in investing in the modernization and development of Bangladesh’s internal river ports and the New Mooring Container Terminal.

The delegation from AD Ports Group was led by Abdullah Ali Al Hamoudi, the UAE Ambassador to Bangladesh. Senior officials from the Ministry of Shipping, including Senior Secretary Mohammad Yusuf, were also present at the meeting.​

 

[Saif]

Yunus leaves for Dubai to attend World Governments Summit

Chief Adviser Prof Muhammad Yunus will discuss the issues of mutual interest, visa opening, enhancing manpower export; and trade and investment with the leadership of the United Arab Emirates (UAE) as he left for Dubai on Wednesday evening to attend the "World Governments Summit 2025." The Chief A

thefinancialexpress.com.bd

Yunus leaves for Dubai to attend World Governments Summit
FE ONLINE DESK
Published :
Feb 12, 2025 20:19
Updated :
Feb 12, 2025 20:19

Chief Adviser Prof Muhammad Yunus will discuss the issues of mutual interest, visa opening, enhancing manpower export; and trade and investment with the leadership of the United Arab Emirates (UAE) as he left for Dubai on Wednesday evening to attend the "World Governments Summit 2025."

The Chief Adviser left Hazrat Shahjalal International Airport for Dubai at 7:45pm, Chief Adviser's Deputy Press Secretary Abul Kalam Azad Majumder told UNB.

Briefing the media at the Foreign Service Academy, Azad earlier said this will be a brief visit as the Chief Adviser will return home on Friday.

Earlier, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai Sheikh Mo-hammed bin Rashid Al Maktoum sent an invitation to the Chief Adviser, inviting him to participate in the Summit.

The three-day World Governments Summit convened under the theme 'Shaping Future Governments.'

It began on February 11 and brought together governments, international organisations, thought leaders and private sector leaders from around the globe to foster international cooperation and identify innovative solutions for future challenges, ultimately inspiring and empowering the next generation of governments.

The Summit is seen as a significant platform for Dr Yunus to share his insights on tackling global challenges and highlight Bangladesh's stance on key international issues.

Spokesperson at the Ministry of Foreign (MoFA) Mohammad Rafiqul Alam earlier said there is a possibility of bilateral meetings between the Chief Adviser and the heads of state/government of different countries during the visit.

He said the two friendly countries, Bangladesh and the UAE, have historically enjoyed good relations. This relationship has gradually consolidated based on economic cooperation and common political interests, he said.

A large number of Bangladeshi expatriates living in the country are making an important contribution to the economy of Bangladesh by sending remittances, said the Spokesperson.

He said bilateral trade in textiles, agricultural products and energy is also growing.

Both countries are working together in international platforms such as the UN and the OIC and the UAE government is regularly investing in various important sectors including Bangladesh's infrastructure and health sector.​