UAE Giants Set To Invest In Chittagong Port And Solar Energy1 min read
Two leading UAE companies – Abu Dhabi Ports Group (ADPG) and Masdar – are gearing up for major investments in Bangladesh, focusing on port development, logistics, and renewable energy reportedly.
During a meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna on Tuesday, ADPG CEO Ahmad Ibrahim Al Mutawa and Masdar’s Asia-Pacific Head of Development & Investment, Fatima Almadhloum Alsuwaidi, outlined their proposals.
Abu Dhabi Ports Group, now the fourth global player to express interest in Bangladesh’s port sector within a week – following DP World (UAE), AP Moller Maersk (Denmark), and Red Sea Gateway Terminal (Saudi Arabia) – has proposed a joint venture with the Chittagong Port Authority. The group aims to finance, operate, and maintain one of the three proposed Bay Terminals, enhancing ship traffic and logistics efficiency.
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Meanwhile, Masdar has pledged a $500 million investment in a 250-megawatt solar power project on reclaimed coastal land, reinforcing Bangladesh’s renewable energy ambitions.
The meeting also saw the participation of UAE Ambassador to Bangladesh Abdulla Ali Alhomudi, High Representative of the Chief Adviser Khalilur Rahman, and SDG Affairs Senior Secretary Lamiya Morshed. Additionally, Alhomudi extended an invitation from the Dubai ruler for the Chief Adviser to attend the World Government Summit in February.
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