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19 November, 2019 00:00 00 AM / LAST MODIFIED: 18 November, 2019 10:40:13 PM
Print

PM seeks larger UAE investment

BSS, Abu Dhabi

Prime Minister Sheikh Hasina on Saturday sought both public and private investment from UAE in larger volume in potential sectors such as RMG, IT, agriculture and special economic zones in Bangladesh for mutual trade benefit of the country.

“Our government has taken initiatives to attract foreign investments in our Economic Zones, Special Economic Zones and High Tech Parks,” she said this while addressing a dinner reception arranged in her of honour by the Bangladesh Embassy in Abu Dhabi at Shangri-La Hotel.

Sheikh Hasina said Bangladesh Economic Zone authority is offering one-stop services to the investors for more than 100 infrastructure-related and utility services.

Noting that Bangladesh offered the most liberal investment policy in South Asia, she said the UAE investors may invest in readymade garments, infrastructure building, constructions, communication, energy, IT, shipbuilding, tourism infrastructure, light engineering, industrial park and logistics hub in Bangladesh.

Foreign Minister Dr AK Abdul Momen also spoke on the occasion while Bangladesh Ambassador to the United Arab Emirates (UAE) Muhammad Imran gave the welcome speech.

Chairman and Managing Director of RELAM Investment Sultan Al Rashed Lootah, Chairman and Managing Director of Emirate Islami Bank Hesham Abdullah Al Qassim and Managing Director (International Operations) of Malabar Gold Shamlal Ahamed, among other entrepreneurs, were present.

Spelling out the foreign investment protection policy, Sheikh Hasina said, “It includes protection of foreign investment by law; generous tax holiday; concessionary duty on import of machinery; unrestricted exit policy; full repatriation of dividend and capital on exit, to name a few.”

The export of agricultural and argo-based products constitutes one of our major exports after readymade garments, she said, adding,

“We welcome the UAE entrepreneurs to invest in Bangladesh in agro and food processing sectors.”

Noting that there is a huge potential of mutual trade and investment between Bangladesh and UAE along with opportunities for mutual collaborative engagements, she said, “We have identified many potential sectors for beneficial collaboration between Bangladesh and UAE both in public and private sectors.

The premier hoped that the close cooperation between Bangladesh Investment Development Authority (BIDA) and Economic Development Authority of UAE, and Bangladesh Economic Zone Authorities (BEZA) and Emirates Economic Zone authority will play important role in promotion of business and investment between Bangladesh and UAE.

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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