Dhaka: Bangladesh's Piton Industries Limited and Oman-based Modern Star Businesses LLC, operating as Star Drones, have signed a memorandum of understanding (MoU) to export electric motorcycles (EVs) to Oman, exchange technology, and explore joint investment.
According to Bangladesh Sangbad Sangstha, the agreement is expected to open a new avenue for Bangladesh's electric vehicle (EV) industry to enter the Middle Eastern market. The agreement was signed at the Bangladesh Innovation Fair 2026 venue at Novo Theatre in the city today in the presence of Science and Technology Ministry Secretary Md Anwar Hossain, said a press release.
Sheikh Iqbal Zahedi, managing director of Piton Industries, and Said Abdul Ghafoor Saifuddin, founder and CEO of Modern Star Businesses LLC (Star Drones), signed the agreement on behalf of their respective companies.
The release states that the Omani delegation expressed satisfaction after visiting the exhibition and witnessing the quality of Bangladeshi products and the talent of young entrepreneurs. Subsequently, they announced the investment and partnership. As an initial step, electric bikes manufactured in Bangladesh will be supplied for the delivery fleet of Oman's popular food delivery app 'Bees'. Later, a full-fledged assembly line is planned to be established in Oman to meet the huge demand across the Middle East.
Under the MoU, Oman will acquire knowledge of EV technology from Bangladesh, while the technological capabilities of both countries will be enhanced through reverse engineering. Fathia bint Ahmed Al Balushi, deputy head of mission and minister plenipotentiary at the Embassy of Oman in Bangladesh, attended the event as a special guest.