PM Hasina seeks larger UAE investment in Bangladesh

Bangladesh is now a land of lucrative opportunities, says the premier

Prime Minister Sheikh Hasina has urged the United Arab Emirates (UAE) business community to invest largely in Bangladesh Social Economic Zones and high-tech parks.

"Our financial markets are now ready to support advanced private equity and fin-tech solutions. The Digital Bangladesh that we had aspired for almost twelve years ago is now a reality. I, therefore, invite you to come and partner with us," she said on Thursday.

The prime minister was addressing the Joint Business Council (JBC) organized by the business communities of Bangladesh and UAE at the Virtual Meeting Room at her residence.

Spelling out various measures taken by her government to create a conducive environment for foreign investments, she said: "I assure you all that Bangladesh is now a land of lucrative opportunities."

The premier said Bangladesh is moving fast in urbanization, industrialization, and in increasing tele-density to connect individuals to governance, innovation and markets.

"Our aim is to connect our factors of production seamlessly into the global markets," she said, while seeking investments particularly in readymade garments, leather, jute, food, ICT and ITES (IT-Enabled Services).

She also said that Bangladesh offers a huge domestic market of more than 168 million people, adding: "Our population is young, energetic, and ambitious."

She said Bangladesh's disposable income is rising faster than many comparable countries for her government's deep and wide innovations in agriculture and extension, productivity and remittance.

Later, an MoU was signed between the FBCCI and the UAE Chambers of Commerce and Industry on establishment of the Joint Business Council between the two countries.

FBCCI President Jasim Uddin, Chairman of Abu Dhabi Chamber of Commerce and Industry Abdullah Mohamed Al Mazrouei signed the MoU for their respective sides.

Foreign Minister Dr A K Abdul Momen, Commerce Minister Tipu Munshi, Prime Minister’s Adviser for Private Industry and Investment Salman F Rahman, UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi, FBCCI President Jasim Uddin, Chairman of Abu Dhabi Chamber of Commerce and Industry Abdullah Mohamed Al Mazrouei also spoke on the occasion.