Malaysian trade delegation arrives tomorrow
Sunday, 25 April 2010
FE Report
A high-profile Malaysian trade delegation arrives in Dhaka Monday to explore investment opportunities in Bangladesh.
Officials said the delegation comprising members of the Construction Industry Development Board of Malaysia (CIDB) will call on communications minister and meet leaders of Federation of Chambers of Commerce and Industry and Real Estate and Housing Association of Bangladesh during their three-day visit.
They said the delegation members will study the possibility of investment in the country's roads, rail and highways, including expressways, real estate and telecom sectors, the officials added.
"We expect investment proposals in telecom service sector, elevated expressway, highway operation including toll plaza," said Momtazul Islam, secretary of Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI).
He said one member of the eight-member delegation has shown interest to meet all mobile operators and cell phone makers including Orascom Telecom Bangladesh, Grameen Phone, Pacific Telecom Bangladesh Ltd, Warid Telecom, Teletalk and Ericsson Bangladesh.
Malaysian investment in the country was worth US$ 1.33 billion until 2008-09. So far, 59 companies have been involved in telecom, textile, food, power and metal industries.
BMCCI officials said although the Malaysian trade delegation initially showed interest to relocate Malaysian sunset industry in Bangladesh export processing zones, no representative has been included in the delegation from that area.
"The delegation may also look for opportunities in public-private-partnership projects," said the secretary.
Othman Razali, general manager CIDB, will lead the delegation.
A high-profile Malaysian trade delegation arrives in Dhaka Monday to explore investment opportunities in Bangladesh.
Officials said the delegation comprising members of the Construction Industry Development Board of Malaysia (CIDB) will call on communications minister and meet leaders of Federation of Chambers of Commerce and Industry and Real Estate and Housing Association of Bangladesh during their three-day visit.
They said the delegation members will study the possibility of investment in the country's roads, rail and highways, including expressways, real estate and telecom sectors, the officials added.
"We expect investment proposals in telecom service sector, elevated expressway, highway operation including toll plaza," said Momtazul Islam, secretary of Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI).
He said one member of the eight-member delegation has shown interest to meet all mobile operators and cell phone makers including Orascom Telecom Bangladesh, Grameen Phone, Pacific Telecom Bangladesh Ltd, Warid Telecom, Teletalk and Ericsson Bangladesh.
Malaysian investment in the country was worth US$ 1.33 billion until 2008-09. So far, 59 companies have been involved in telecom, textile, food, power and metal industries.
BMCCI officials said although the Malaysian trade delegation initially showed interest to relocate Malaysian sunset industry in Bangladesh export processing zones, no representative has been included in the delegation from that area.
"The delegation may also look for opportunities in public-private-partnership projects," said the secretary.
Othman Razali, general manager CIDB, will lead the delegation.