DP World interested to invest in deep sea port

The United Arab Emirates (UAE) has expressed its interest to invest in Bangladesh's infrastructure sector, especially in the port development.
The UEA has appraised the government of its proposal for building a deep sea port in the country, an official said.
Under the plan, a high powered Dubai-based DP World delegation will visit Bangladesh this month or next month to make a presentation before a high level committee on deep seaport chaired by principle secretary.
Earlier, Some UAE officials gave proposal of setting up a deep seaport in Bangladesh three years back. The initial offer by DP World for the deep-sea port was between $3 billion and $4 billion, according to a foreign ministry working paper.
The sources said "A high profile Dubai-based DP World of the UAE has expressed willingness to visit Bangladesh in this connection. The UAE wants to invest in our port sector development."
Officials said Bangladesh's ports have become very important for connectivity in the South Asian region; thus many are interested to invest for and quick return.  
An inter-ministerial meeting of ministry of foreign affairs (MoFA) would be held on February 27 next to discuss issues of bilateral interests including building a deep sea port by the UAE, the source said.
Recently Bangladesh ambassador met UAE undersecretary of interior ministry where important issues were discussed, including security of cooperation between the two countries, the working paper said.
An inter-ministerial team led by senior official from MoFA and ministry of home affairs may visit the UAE to hold discussion on the security issues and other bilateral issue, sources said.
In this connection, a draft agreements sent by UAE side on security cooperation may be examined keeping the UAE side informed.