UAE investments to grow in Bangladesh


UAE Foreign Trade Minister Sheikha Lubna Al Qasimi hoped that business and investment policies of the present government will encourage UAE investors to invest in various sectors of Bangladesh.

“Investments from the UAE to Bangladesh will continue to grow,” Sheikha Qasimi made the remarks during a meeting with Commerce Minister Faruq Khan at her office in Abu Dhabi on Thursday, according to a release issued by the Bangladesh mission.

The commerce minister expressed the government’s keen interest in sending more professionals and skilled workforce from Bangladesh.

He also briefed the UAE minister on the visions of Prime Minister Sheikh Hasina’s government.

Sheikha Qasimi praised the present leadership of Bangladesh and hoped that Bangladesh will achieve its visions.

She expressed her satisfaction about the work ethics and discipline of the Bangladeshi expatriates and their valuable contribution to the nation-building endeavors of the UAE.

Lauding the present level of FDI from the UAE to Bangladesh, especially in telecommunications (Warid Telecom), banking (AL Falah) chemicals (RAK Ceramics, Emirate Cement) and other areas, the commerce minister welcomed more investments in power, port and other infrastructural sectors.

He thanked the UAE minister for continuing its support for various economic and social causes of Bangladesh.

Bangladesh Ambassador to the UAE Nazmul Quaunine, Consul General Abdul Hye, Commercial Counsellor Mahmudur Rahman and UAE Director (Trade Negotiations& WTO Department) Juma Mohammed Al Kait were present at the meeting.

Source ::: The Daily Star ::: 28 March 2009

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