UAE-based investors have arranged a few new projects including five free economic zones worth $10 billion (around BDT 84000 Crore) in Bangladesh. The associated plans were discussed at the Bangladesh Economic Forum in Dubai on Sunday.
Over 300 government officials, business pioneers, investors took an interest in the day-long worldwide investment meeting. The event is planned for fortifying the progression of exchange and investment between the UAE and Bangladesh.
Salman F. Rahman, the advisor to Bangladesh’s PM on private industry and investment, drove a government delegation. The delegation involved 20 members from the Bangladesh Investment Development Authority, Bangladesh Economic Zones Authority and Bangladesh Hi-Tech Park Authority for the gathering in the UAE.
Several UAE-based investors were keen to establish economic zones and hi-tech parks in Bangladesh.
Reportedly, Mr Salman F. Rahman showed his utmost gratitude seeing the interest and enthusiasm from the GCC based investors to invest in Bangladesh.
“I am pleased to see strong and genuine interest among UAE-based investors — both UAE national and foreign business groups — in investing in Bangladesh. Investment from the GCC and the Arab world will help us achieve a higher growth rate and we are more than ready to welcome them!”- said Mr. Rahman.
To ensure employment with proper business to sustain this 8 per cent plus GDP growth, Bangladesh requires a massive amount of foreign investments.
According to the World Bank, Dhaka must spend a minimum of USD 10 billion a year by 2020 to bring its power grids, roads and water supplies up to the standard to serve its growing population.
To attract the investors, Bangladesh was working on establishing 100 economic processing zones and 28 hi-tech parks by 2030 with plans in place to get 15-ready in the next five years. China, Japan, India and US have already been the major investors in Bangladesh. With Gulf state countries added to the tally, it’s safe to say that slowly but surely Bangladesh is on the right track.
What’s the future? As for now it’s only positive, and rest? Only time can tell.