Dhaka:Business leaders from Bangladesh and Kuwait have shown interest in joint investment opportunities in the ceramics, plastics, and leather goods sectors, aiming to enhance bilateral trade and economic cooperation.
According to Bangladesh Sangbad Sangstha, the interest was articulated during an online meeting between a Bangladeshi business delegation and the Kuwait Chamber of Commerce and Industry. The meeting was organized by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
FBCCI Administrator Md. Fazlul Hoque chaired the meeting, which was attended by representatives from the Kuwait Chamber, diplomats, and leading industrial entrepreneurs from Bangladesh. He emphasized the friendly relations between the two countries and encouraged Kuwaiti investors to consider investing in Bangladesh's sectors such as leather, plastics, ceramics, processed food, garments, and ICT.
Bangladesh's Counsellor in Kuwait, Mohammad Moniruzzaman, pointed out the purchasing power of Kuwaiti consumers and the market potential for Bangladeshi products like readymade garments, leather goods, ICT products, and plastics. He stated that the Bangladesh Embassy in Kuwait is focused on strengthening communication and building partnerships between entrepreneurs from both nations.
During the discussions, Md. Shamim Ahmed from the Bangladesh Plastic Goods Manufacturers and Exporters Association invited Kuwaiti investment in Bangladesh's petrochemical industry. Ahsan Khan Chowdhury, Chairman and CEO of PRAN-RFL Group, noted the significant import of petrochemical and petroleum products from Kuwait, suggesting opportunities for joint investment.
Moynul Islam, President of the Bangladesh Ceramic Manufacturers and Exporters Association, also invited Kuwaiti entrepreneurs to invest in the ceramic sector in Bangladesh, mentioning the potential for joint ventures in tableware ceramic factories in Kuwait.
Abdul Aziz from the Kuwait Chamber highlighted the prospects of Bangladeshi ceramic products in Kuwait's housing industry. Emad Al-Zaid, Deputy Director General of the Kuwait Chamber, assured support in facilitating communication and information exchange between businesspeople from both countries. The meeting was also attended by FBCCI Secretary General Md. Alamgir, business leaders, and representatives of the Bangladesh Embassy in Kuwait.