Bangladesh received proposal from the United Arab Emirates to invest in four multi-billion-dollar projects in the shipping sector in the country.
Bangladesh government is said to be positively considering the proposal. The projects also include development of a deep-sea port at Sonadia for which China and India have expressed interest.
The other three projects where the UAE wants to invest are New Mooring Container Terminal in Chittagong, Inland Container Depot with rail connectivity in Dhaka and Mongla port.
It is worth mentioning that in 2011, Bangladesh Prime Minister Sheikh Hasina visited Dubai and asked the UAE to explore opportunities to fund in infrastructure sector in Bangladesh.
The cooperation will be government-to-government through an UAE company, DP World, and an inter-ministerial meeting would discuss the substantive aspects of the proposals in December, reports quoted a top Bangladesh government official as saying.
The government is said to be pursuing investment from the Middle East since it came to power in addition to other two major focus areas, manpower and trade.
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