MoU signed between DCCI, Sharjah Chamber

President of Dhaka Chamber Taskeen Ahmed and Chairman of Sharjah Chamber Abdallah Sultan Al Owais signed the MoU on behalf of their respective organizations.

Speaking on the occasion, Taskeen Ahmed urged the investors of Sharjah to come to Bangladesh to invest in the infrastructure sector adding that it would help boost bilateral trade and commerce as well as attract other foreign investors to come, reports BSS.

He also called upon the entrepreneurs of Sharjah to invest in Bangladesh's IT sector, leveraging the potential of the large youth population of Bangladesh, said a DCCI press release.

"There is a lot of potential to invest in the environmental friendly jute products for more diversification in this sector," he added.

Currently, a UAE based bank is operating its businesses in Bangladesh. He therefore invited other banks of UAE including Sharjah Islami Bank to establish their offshore banking in Bangladesh that would further expand bilateral trade and investment.

Taskeen Ahmed also suggested since Bangladesh government offers various incentives to the foreign investors while investing in the economic zones, through availing this opportunity Sharjah entrepreneurs can invest in leather and leather goods, electronics, home appliances, footwear and food processing industries in the EZs.

The DCCI President opined that exchange of experience and technical expertise of Sharjah in the field of logistic sector will be beneficial for the development of this sector in Bangladesh.

He also added that Bangladesh can be one of the gateways for UAE's export to various markets in South and Southeast Asia.

Abdallah Sultan Al Owais, Chairman of Sharjah Chamber, said that in the last few decades, Bangladesh's products, including readymade garments, have been exported to different countries of America, Europe and the
Middle East and the export rate is continuously increasing, which is very promising.

But, East and West African countries are also potential destinations for Bangladesh's export and in that case UAE can be considered as a gateway to enter into that market.

He said more than 1 million Bangladeshi are now working in the UAE in different professions, but to create more employment opportunities there, it is necessary to pay more attention to the skill development.

On the occasion, a B2B match-making session was held between the businessmen of Sharjah Chamber and the members of the DCCI business delegation.

DCCI Senior Vice President Razeev H Chowdhury, Vice President Md Salem Sulaiman were also present at the meeting.