Dubai Chambers announced that it has successfully organized the Dubai-Bangladesh Business Forum to strengthen bilateral economic and investment ties.
Publish dateThursday 27 February 2025 - 22:17
According to Amac News, a Memorandum of Understanding (MoU) was signed between Dubai Chambers and Dhaka Chamber of Commerce and Industry (DCCI) at the event. The agreement is designed to expand bilateral cooperation and promote efforts to diversify and expand trade and joint investments.
The two sides will also provide comprehensive support to strengthen ties between exporters and importers in Dubai and Dhaka, including facilitating business matching services.
The agreement covers cooperation between the two parties in various fields, including organizing specialized trade events, exhibitions and investment missions.
The agreement was signed by Mohammed Ali Rashid Lootah, President and CEO of Dubai Chambers, and Taskin Ahmed, President of Dhaka Chamber of Commerce and Industry.
Muhammad Ali Rashid Lootah, President and CEO of Dubai Chambers, said that the chamber is committed to supporting Bangladeshi businesses and investors. He added that the aim of Dubai Chambers is to further strengthen cooperation between the business communities of Dubai and Bangladesh.
Meanwhile, Taskin Ahmed, President of Dhaka Chamber of Commerce and Industry (DCCI), also said that Bangladeshi nationals are one of the largest expatriate communities in the UAE, accounting for 17 percent of Bangladesh’s total foreign employment, with the UAE being the second largest destination after Saudi Arabia.
He also announced that the total trade volume between Bangladesh and the UAE reached nearly $2 billion in the fiscal year 2024, indicating gradual growth.
He said Bangladesh’s competitive investment framework, which includes fiscal and non-fiscal incentives, a favorable regulatory environment for foreign investors, targeted tax exemptions in various industries, 100% foreign ownership and double taxation agreements with the UAE, make Bangladesh an attractive destination for investment, especially in the non-oil sectors.
The number of Bangladeshi companies registered as active members of Dubai Chambers reached 8,686 by the end of 2024, representing a 19% annual growth.
At the meeting, Dubai Chambers provided an overview of promising investment opportunities in Dubai for the Bangladeshi business community. The sectors highlighted included logistics and warehousing, real estate, medical tourism, software development and innovation in mobile applications.
The two sides will also provide comprehensive support to strengthen ties between exporters and importers in Dubai and Dhaka, including facilitating business matching services.
The agreement covers cooperation between the two parties in various fields, including organizing specialized trade events, exhibitions and investment missions.
The agreement was signed by Mohammed Ali Rashid Lootah, President and CEO of Dubai Chambers, and Taskin Ahmed, President of Dhaka Chamber of Commerce and Industry.
Muhammad Ali Rashid Lootah, President and CEO of Dubai Chambers, said that the chamber is committed to supporting Bangladeshi businesses and investors. He added that the aim of Dubai Chambers is to further strengthen cooperation between the business communities of Dubai and Bangladesh.
Meanwhile, Taskin Ahmed, President of Dhaka Chamber of Commerce and Industry (DCCI), also said that Bangladeshi nationals are one of the largest expatriate communities in the UAE, accounting for 17 percent of Bangladesh’s total foreign employment, with the UAE being the second largest destination after Saudi Arabia.
He also announced that the total trade volume between Bangladesh and the UAE reached nearly $2 billion in the fiscal year 2024, indicating gradual growth.
He said Bangladesh’s competitive investment framework, which includes fiscal and non-fiscal incentives, a favorable regulatory environment for foreign investors, targeted tax exemptions in various industries, 100% foreign ownership and double taxation agreements with the UAE, make Bangladesh an attractive destination for investment, especially in the non-oil sectors.
The number of Bangladeshi companies registered as active members of Dubai Chambers reached 8,686 by the end of 2024, representing a 19% annual growth.
At the meeting, Dubai Chambers provided an overview of promising investment opportunities in Dubai for the Bangladeshi business community. The sectors highlighted included logistics and warehousing, real estate, medical tourism, software development and innovation in mobile applications.
amacnews.com/vdcc.oqia2bqooy-82.html
Source : news agency wam
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