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UAE investors to inject US$10b in BD economy

Published : Sunday, 15 September, 2019 at 12:00 AM  Count : 41

A good number of UAE business groups are set to invest $10 billion (Dh36.7 billion) into Bangladesh, according to the Bangladesh Economic Forum, which takes place at Conrad Dubai Hotel in Dubai on Sunday.
More than 300 government officials, business leaders, investors and entrepreneurs will participate in the day-long international investment conference, aimed at strengthening the flow of trade and investment between the UAE and Bangladesh, said a press release. Bangladeshis are major investors in the UAE economy where more than 50,000 businesses are owned and successfully run by Bangladeshi expatriates who employ in together more than 150,000 people. The release said PM' Adviser for Private Industry and Investment Salman Fazlur Rahman will deliver a keynote address at the 2nd Edition of Bangladesh Economic Forum. He is leading a 20-member government delegation comprising of officials from Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA) and Bangladesh Hi-Tech Park Authority (BHTPA). The three Investment Promotion Agencies (IPAs) of Bangladesh - BIDA, BEZA and BHTPA - are participating in such an international investment conference in the Gulf for the first time undertaken by Bangladesh Economic Forum, a private sector initiative of the UAE-base Non-Resident Bangladeshi professionals and entrepreneurs. As many as 20 fresh investment projects are being prepared to be tabled at Bangladesh Economic Forum where investors are expected to meet and discuss their projects with Salman F Rahman and the visiting Bangladesh official delegation. "Bangladesh is more than ready to receive a higher level of Foreign Direct Investment (FDI) that jumped 69 percent last year to US$3.61 billion," said Salman F. Rahman.     -BSS









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