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Aside from the energy sector, Qatar and Bangladesh have potential investment opportunities in agro-processing, education and skills development, hospitality, and healthcare, Islam said.Īccording to Islam, the government is not only looking to infuse Qatari investments in major projects in Bangladesh, but it is also eyeing to bring companies to setup shop in Qatar “to create added value” for both countries’ economies. The MoU also aims to engage Qatar’s financial sector and capital market, especially in mergers and acquisitions, “which is a big area of investments where QFC has the strength,” Islam pointed out.
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He said the MoU would revolve mainly on how QFC and Bida could work to promote strategic investments for both Qatar and Bangladesh. On the sidelines of the forum, Bangladesh Investment Development Authority (Bida) executive chairman Kazi M Aminul Islam told Gulf Times that he will send Qatar Financial Centre (QFC) and Qatar Investment Authority (QIA) a draft of a memorandum of understanding (MoU) for the Bangladesh-Qatar Investment Forum, including a letter that would provide an overview of existing projects in Bangladesh that QIA could consider for investments.
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We have yet to see Qatar as an active partner in all our development initiatives.” “There is huge potential for collaboration between our two brotherly countries in all these sectors. In the power and energy sector where Qatar is already exporting LNG to Bangladesh, we are in need of $60bn by 2041 just to set aside our need for energy and power, as well as related petroleum products. In his speech, Alam said: “We are in dire need of investments from our capital friends like Qatar. Speaking at the Bangladesh Forum Qatar (BFQ) on Saturday, Minister of State for Foreign Affairs Md Shariar Alam proposed to form the Bangladesh-Qatar Investment Forum, “considering the enormous opportunities for bilateral co-operation between the two countries.” Bangladesh has proposed to form a joint investment forum with Qatar to further explore business opportunities in a range of industries, including energy, tourism, and garments, among others.