UAE keen to invest in Chattogram port

The United Arab Emirates, UAE, is keen to invest in Chattogram port for financial benefit of both countries.

UAE Ambassador to Bangladesh Abdullah Ali Al Hamoudi expressed the interest in a meeting with Shipping, Textiles, and Jute Adviser Brigadier General (Retd) M Sakhawat Hossain at his Secretariat office in Dhaka on Sunday.

The envoy said the UAE beliefs that both countries would be benefitted from the investment of UAE in Bangladesh particularly in the Chattogram port.

The UAE envoy told the Adviser that Dubai-based ‘DP World’, an Emirati multinational logistic company, is now engaged in sea port management in more than 60 countries. 

“We have experience in construction of the London Gateway Port… We also have better experience in the sub-continental countries like India, Pakistan and Sri Lanka on sea port management”, he said.

Welcoming the investment proposal of the UAE, the Adviser said, Bangladesh always welcome the foreign investment and the country has multidimensional relations with UAE in various sectors including trade and commerce.

“I think that the friendly relations between the two countries would reach to a new height through this investment,” Sakhawat said.

The adviser requested the UAE envoy for making transit visa for Bangladeshi sailors easier. The UAE ambassador in reply said, they would consider the matter sincerely.

Sakhawat Hossain also urged the UAE envoy to invest in the jute and textiles sectors of Bangladesh saying the demand of the environment friendly jute products of Bangladesh are on rise across the world. 

Foreign investment is increasing steadily in the jute and textiles sectors of Bangladesh, the Adviser said urging the UAE ambassador for considering these lucrative sectors for investment.

UAE Ambassador led a five-member delegation of his country in the meeting while Jute and Textiles Secretary M Abdur Rauf, Additional Secretary of the Ministry of Shipping Sanjoy Kumar Banik and senior officials were present.

Source: BSS