10:38 am, Friday, 7 February 2025

Top UAE companies announce plans to invest in Bangladesh

  • Bizbd Report
  • Update Time : 08:08:50 pm, Tuesday, 28 January 2025
  • 119

Two major companies in the United Arab Emirates, Abu Dhabi Ports Group and Masdar, unveiled plans on Tuesday to invest in port development, management and logistics, as well as the renewable energy sectors in Bangladesh.

Abu Dhabi Ports Group CEO Ahmad Ibrahim Al Mutawa and Head of Development & Investment for the Asia-Pacific Region at Masdar Fatima Almadhloum Alsuwaidi presented the investment proposals during a meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna.

‘Bangladesh is ready for business,’ said the Chief Adviser, appreciating the investment proposals.

‘Bring your people and set up as many plants as you want,’ said the Chief Adviser.

Abu Dhabi Ports Group is the fourth major port handler and logistics company, following DP World of the UAE, AP Moller Maersk of Denmark and Red Sea Gateway Terminal of Saudi Arabia, to express interest in Bangladesh’s port management in less than a week.

Abu Dhabi Ports Group has expressed interest in developing one of the proposed three Bay Terminals through financing, operating, and maintaining container and multipurpose terminals and facilities under a joint venture with the Chittagong Port Authority.

Group CEO Al Mutawa praised the welcoming attitude of Bangladeshi authorities and hoped its investment would help increase ship movement in Bangladeshi ports.

Renewable energy company Masdar proposed to invest $500 million in reclaimed land on the coast to set up a 250-megawatt solar power project.

‘We are very supportive of showcasing new ideas to Bangladesh,’ Masdar’s regional head of investment, Fatima Almadhloum Alsuwaidi, said.

Abdulla Ali ALHmoudi, UAE ambassador to Bangladesh, Khalilur Rahman, High Representative of of the Chief Adviser, and Lamiya Morshed, senior secretary for SDG affairs, were also present on the occasion.

Abdulla Ali Alhmoudi handed over an invitation from Dubai ruler to the Chief Adviser to attend the World Government Summit in the UAE in February.

Top UAE companies announce plans to invest in Bangladesh

Update Time : 08:08:50 pm, Tuesday, 28 January 2025

Two major companies in the United Arab Emirates, Abu Dhabi Ports Group and Masdar, unveiled plans on Tuesday to invest in port development, management and logistics, as well as the renewable energy sectors in Bangladesh.

Abu Dhabi Ports Group CEO Ahmad Ibrahim Al Mutawa and Head of Development & Investment for the Asia-Pacific Region at Masdar Fatima Almadhloum Alsuwaidi presented the investment proposals during a meeting with Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna.

‘Bangladesh is ready for business,’ said the Chief Adviser, appreciating the investment proposals.

‘Bring your people and set up as many plants as you want,’ said the Chief Adviser.

Abu Dhabi Ports Group is the fourth major port handler and logistics company, following DP World of the UAE, AP Moller Maersk of Denmark and Red Sea Gateway Terminal of Saudi Arabia, to express interest in Bangladesh’s port management in less than a week.

Abu Dhabi Ports Group has expressed interest in developing one of the proposed three Bay Terminals through financing, operating, and maintaining container and multipurpose terminals and facilities under a joint venture with the Chittagong Port Authority.

Group CEO Al Mutawa praised the welcoming attitude of Bangladeshi authorities and hoped its investment would help increase ship movement in Bangladeshi ports.

Renewable energy company Masdar proposed to invest $500 million in reclaimed land on the coast to set up a 250-megawatt solar power project.

‘We are very supportive of showcasing new ideas to Bangladesh,’ Masdar’s regional head of investment, Fatima Almadhloum Alsuwaidi, said.

Abdulla Ali ALHmoudi, UAE ambassador to Bangladesh, Khalilur Rahman, High Representative of of the Chief Adviser, and Lamiya Morshed, senior secretary for SDG affairs, were also present on the occasion.

Abdulla Ali Alhmoudi handed over an invitation from Dubai ruler to the Chief Adviser to attend the World Government Summit in the UAE in February.