The one-day Bangladesh Economic Forum will kick off in Dubai today with the participation of more than 300 government officials, business leaders, investors and businessmen from the UAE and Bangladesh, aiming to promote trade and investment between the two countries.
According to a statement issued yesterday, there are indications that a number of UAE business groups will invest $ 10 billion (36.7 billion dirhams) in mutual investment projects between Bangladesh and the UAE.
Bangladeshis are major investors in the UAE economy, with more than 50,000 trading companies and more than 150,000 Bangladeshis working in the UAE.
Salman Fazlur Rahman, Advisor to the Prime Minister of Bangladesh for Private Industries and Investment, will deliver a keynote speech at the second session of the Forum, while up to 20 new investment projects have been prepared for presentation at the Forum.
Fazlur Rahman said Bangladesh was more willing to receive a higher level of foreign direct investment, which jumped 69% last year to $ 3.61 billion, noting that GCC investors, especially the UAE, would be the biggest beneficiaries of the low cost of investment. , High return on investment in Bangladesh.