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BD received $28b foreign investments in five years

Published: February 06, 2019 20:55:56 | Updated: February 07, 2019 14:05:48


Bangladesh received more than $28 billion in investment from 45 countries in the last five years with China investing the highest amount of $8107 million.

Foreign Minister Dr AK Abdul Momen revealed this in parliament in reply to a question from Awami League MP Md Israfil Alam (Naogaon-6), reports UNB.

In absence of Abdul Momen, State Minister for Foreign Affairs M Shahriar Alam placed the statistics provided by Bangladesh Investment Development Authority (BIDA).

According to the BIDA's statistics, the top ten countries in terms of investment size are: China ($8107 million), the UAE ($7836 million), Saudi Arabia ($2461 million), Singapore ($2261 million), the UK ($1962 million), The Netherlands ($1744 million), the USA ($1219 million), India ($976 million), Thailand ($637 million) and Japan ($384 million).

In a scripted answer, the state minister also said the country's diplomatic missions are maintaining good relations with different organisations, multi-national companies alongside different governments as part of their efforts to increase foreign investment in Bangladesh and expand trade further.

Besides, he said, efforts are on to sign various investment and trade related economic deals with new countries alongside taking steps for strengthening trade and investment ties with the neighbouring and regional countries.

As per the directives of the Prime Minister, Shahriar said, their ministry is working to bring dynamism into the economic diplomacy by increasing coordination and cooperation with Commerce Ministry and different relevant government bodies in a bid to implement the Awami League's election manifesto and achieve the goal of 10 per cent GDP by 2023.

He said Bangladesh's diplomatic missions are also playing an effective role in increasing economic diplomacy at the international level.

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