Singapore shows interest in investing in Bangladesh

Singapore shows interest in investing in Bangladesh

DHAKA, May 9, 2024 (BSS) – A high-level delegation from Singapore has expressed keen interest in investing in Bangladesh during a meeting with the Bangladesh Investment Development Authority (BIDA).

The meeting was held today at the BIDA conference room, chaired by Dr. Azizul Islam, Executive Member (Additional Secretary) of BIDA, to examine the investment prospects in tourism, jute and allied sectors of Bangladesh.

DrAzizul Islam during the meeting underlined Bangladesh’s favorable investment environment, especially highlighting its security and potential in various sectors, a press release said.

He highlighted the appeal of Bangladesh’s tourism sector, highlighting destinations such as Cox’s Bazar and the Sundarbans, while also pushing for investments in jute, agriculture and vegetable farming.

Derek Loh, Non-Resident High Commissioner of the Republic of Singapore, reinforced the strong bond between Singapore and Bangladesh, noting the significant Bangladeshi workforce in Singapore.

He reiterated interest in investing in Bangladesh’s tourism, jute, agriculture and vegetable sectors, citing the country’s impressive socio-economic progress and its position as an export power.

Accompanying Loh were Sheela Pillai, charge d’affaires at the Singapore High Commission in Dhaka, Mitchel Lee, deputy director at the Ministry of Foreign Affairs, Benjamin Chue, South Asia development partner at Enterprise Singapore, Esther Lee of the Ministry of Foreign Affairs Affairs , and Clarence Chong, assistant development partner at Enterprise Singapore.

During the meeting, Mohibul Islam, Deputy Director of Marketing and Branding at Bangladesh Tourism Board, presented on the country’s tourism sector, while SejutiBoroua, Deputy Director at BEZA, elaborated on BEZA’s Tourism Ventures.

In addition, Faruq Ahmed, Chairman of Bangladesh Jute Mills Corporation, discussed investment opportunities in the jute sector.

Representatives from key Bangladeshi organizations such as BEZA, Bangladesh Parjatan Corporation, Tourism Board, BJMC, Akij Group and Bay Group were also present and actively participated in discussions to promote possible collaborations and investments.