and mutual investment opportunities.
H.E. Mohamed Ali Al Shorafa, Chairman of ADDED,H.E. said:
The forum was attended by H.E. Mohammed Abu Zafar, Ambassador of Bangladesh to the UAE, H.E. Salman Fazulr Rahman, MP private industry and investment advisor to the prime minster of Bangladesh, H.E. Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, H.E. Sameh Al Qubaisi, Director General of Economic Affairs at ADDED, and several senior officials from Bangladesh, ADDED, and representatives of the private sector.
According to the UN's annual report, “World Economic Situation and Prospects”, Bangladesh's economy is predicted to grow 5.8% in 2022 and 6% in 2023. The country has developed many industries and weathered the impacts of Covid-19 impacts on the global economy to retain its status as the second largest garments exporter.
Abu Dhabi and bilateral trade and mutual investments are on the rise. With many opportunities to increase cooperation such as agriculture, food security, manufacturing, pharmaceutical, and financial services,
H.E. Salman Fazulr Rahman, MP private industry and investment advisor to the prime minster of Bangladesh’s presentation at the forum highlighted the growth of Bangladesh economy and steps taken to improve business and investment environment as well as areas of cooperation with Abu Dhabi.
Representatives of Abu Dhabi Investment Office (ADIO), KIZAD, and ADDED’s Industrial Development Bureau (IDB) showcased initiatives and investment opportunities in Abu Dhabi including the recently launched industrial strategy, aiming to cement the
H.E. Rashed Abdulkarim Al Blooshi, Undersecretary of ADDED, said: “This forum reflects our keen interest to explore new ways to further strengthen bilateral ties between Bangladesh and Abu Dhabi as we believe there are promising opportunities”.
“Abu Dhabi economy has proved its mettle in face of challenges in the global economy. By end of the first half 2022, the Emirate’s non-oil trade during grew 12% to AED124 billion, and exports rose 26% to AED 49.5 billion. reducing costs and requirements, simplifying procedures, and enabling seamless integration of government services. Our efforts to offer businesses and entrepreneurs a compelling proposition are paying off as number of new business and flow of investments are witnessing a remarkable rise. We urge investors and business leaders from both sides to capitalise on these solid grounds”.