Business conference held by UAE Embassy notes

UAE-Bangladesh bilateral trade crosses USD 1billion

-A Monitor report01 Apr, 2019 | 746 Views|-+
Dhaka : Bilateral trade between Bangladesh and United Arab Emirates (UAE) crossed USD 1 billion in the recent years. Also, Bangladesh has received the second highest remittances from UAE which stands for USD 2.4 billion.

Altap Hossain, Economic Analyst, UAE Embassy stated these facts through a presentation on "UAE-Bangladesh Business Ties: Present Status and Future Opportunities" at a business conference and networking session organised by the Embassy of UAE, Dhaka in association with Intraco Group and Royal Paradise Hotel Dhaka at the latter's premises.

Kazi M. Aminul Islam, Executive Chairman, Bangla-desh Investment Development Authority (BIDA) attended the event as chief guest.

Saed Mohammed Al Mheiri, Ambassador of the United Arab Emirates (UAE) to Bangladesh, Abdulla Ali AlHmoudi, Deputy Head of Mission of UAE to Bangladesh, Mohammed Riyadh Ali, Managing Director, Intraco Group and Saeed Abdullah Al Miran, Country Manager, Emirates Airlines spoke on the occasion, among others.

Businessmen from both countries discussed on current trends, investments, success stories, operational business problems, future growth prospects and prioritised cooperation areas at the conference. They also discussed ideas and propositions that will mutually benefit both countries.

Saeed Abdullah Al Miran, Country Manager, Emirates Airlines, said, "UAE is keen to deepen its bilateral relations with Bangladesh on all fronts."

Saed Mohammed AlMheiri, Ambassador, UAE to Bangladesh, further said, "My country is eager to invest in different sectors of Bangladesh and we would like to extend our hands to businessmen of both countries in order to increase business volume."

Chief guest Kazi M. Aminul Islam, Executive Chairman, BIDA, said Bangladesh is a unique platform for foreign investors now. He also mentioned BIDA's efforts to ensure safety and security for all foreign investors.

"We hope various UAE companies will come to our country and bring in more investments," the chief guest concluded.

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