UAE businesses keen to invest in Bangladesh, hire skilled manpower

Businesses in the United Arab Emirates (UAE) have expressed their interest in investing in Bangladesh and hiring skilled manpower from the country.

The development occurred when Mahbubul Alam, president of the Bangladesh Chambers of Commerce and Industry (FBCCI), recently met with Mohammad Ali Rashed Lootah, president and chief executive officer at the Dubai Chamber of Commerce in the UAE, according to a press release issued by the FBCCI on Saturday.

"There are many potential sectors in Bangladesh. UAE businessmen can benefit from investing in these sectors," said Alam, calling on companies from the Gulf nation to invest in promising sectors such as garment, ceramics, leather goods, and jute and jute products. 

Lootah said UAE businessmen are highly interested in Bangladesh and have been considering investment opportunities in the country for a significant period of time.

Additionally, he mentioned that a team from the Dubai Chamber has already been formed to assess the investment potential of the South Asian nation.

During the meeting, the FBCCI president urged the UAE to hire more manpower from Bangladesh. 

The Dubai Chamber president has shown interest in recruiting skilled manpower from Bangladesh, added the press release.

At the same time, he has called upon Bangladeshi businessmen to invest in the UAE.

Highlighting various steps taken by the government to attract foreign investment, the FBCCI president said the current government has implemented measures to ensure a fair business environment.

In addition to this, the establishment of 100 special economic zones for businessmen, the construction of the Matarbari deep seaport, the Bangabandhu Sheikh Mujibur Rahman Karnaphuli Tunnel, and the Padma Bridge have contributed to extensive infrastructure development in the country, he continued.

Meanwhile, he called upon UAE businessmen to invest in the special economic zones, saying Japan, India, and Korea have already invested in these zones.

FBCCI directors Mohammad Faizur Rahman, Fakhorus Salehin Nahian, deputy head of mission at Abu Dhabi Embassy Mizanur Rahman, Commercial Counsellor Ashish Kumar Sarker, UAE Vice President of Global Markets Salem Al Shamsi, Director Strategic Partnerships and Protocol Officer Sumaiya Al Shamsi, and others, were present at the meeting.