Bangladesh
2 days ago

Top UAE firms keen to invest in Bangladesh

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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.

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