Qatari entrepreneurs urged to invest in Bangladesh

Bangladesh has invited Qatari entrepreneurs to make investment here as the government is ready to give one or more Special Economic Zones to them under very liberal investment policy.

Bangladesh government is ready to offer one or more Special Economic Zones for Qatari investors exclusively which they can develop and operate as per their own desire and needs, State Minister for Foreign Affairs M Shahriar Alam said in Doha on Saturday, according to a message received here today.

The state minister said that Qatari business leaders can take advantage of the most liberal investment policy of Bangladesh among the South Asian countries and the comparative advantage in terms of market access, trainable and competitive youth workforce and competitive wages.

Shahriar invited them to invest in capital market, energy, telecommunications and IT, petrochemicals, pharmaceuticals, shipbuilding, agro-processing, human resource development, water and marine and other infrastructure projects, hi-tech manufacturing and microprocessors in Bangladesh.

He was addressing a seminar on 'Foreign Direct Investment Opportunities in Bangladesh', jointly organized by Bangladesh Forum Qatar in cooperation with the Qatar Financial Centre (QFC) at the Ritz Carlton Hotel in Doha, Qatar yesterday.

Executive Chairman of BIDA Kazi M. Aminul Islam said that Bangladesh welcomes any investment which is futuristic and offers high value products, and which is based on knowledge.

Chief Executive Officer of the Qatar Financial Centre (QFC) Yousuf Al Jaida said that the seminar was an eye-opener for Qatari Business leaders and prospective investors who did not know much about Bangladesh, particularly what Bangladesh can offer for the Qatari investors.

He said that the seminar is a way forward to making partnership with Bangladesh.

Head of Business of Qatar Investment Authority (QIA) Sheikh Abdul Aziz Al Thani, a large number of Qatari investors, business leaders, CEO of banks and financial institutions, and Head of diplomatic missions in Doha including Bangladesh Ambassador to Qatar Ashud Ahmed attended the seminar.

Source: Bangladesh Sangbad Sangstha (BSS)