Bangladesh and the United Arab Emirates (UAE) on Sunday signed four memoranda of understanding (MoUs) on establishing a port, industrial park, supply and setting up an LNG (liquefied natural gas) terminal, power plants, and a special economic zone in Bangladesh.
Prime Minister Sheikh Hasina witnessed the signing of the documents at St Regis hotel.
Foreign Secretary Shahidul Haque briefed reporters after the signing ceremony. PM’s Press Secretary, Ihsanul Karim, and Bangladesh Ambassador to the UAE, Mohammad Imran, were present at the event.
The government of Dubai and Public Private Partnership (PPP) authority under the Prime Minister’s Office signed the first MoU to set up a port, dry port, and an industrial park in Bangladesh.
Chairman of DP World, Sultan Ahmed bin Sulayem, and Bangladesh Shipping Secretary, M Abdus Samad, signed the document.
DP World said whenever they construct any port, they do not limit their activities to the port but set up an industrial park, said Shahidul Haque.
“They are thinking of a massive investment,” he said.
“Prime Minister Sheikh Hasina told them to come to Bangladesh, and the government will extend all necessary cooperation to them,” the foreign secretary added.
The second MoU was signed between Emirates National Oil Company (ENOC) and Power, Energy, and Mineral Resources of Bangladesh, to supply LNG to Bangladesh on a long-term basis and develop a land-based LNG receiving terminal in Payra.
State Minister for Power, Energy, and Mineral Resources, Nasrul Hamid, and ENOC Group CEO, Saif Humaid Al Falasi, signed the MoU on behalf of their respective sides.
ENOC wanted 300 acres of land in Payra where they would construct the terminal.
The third MoU was signed between Sheikh Ahmed Dalmook Al Maktoum and the Power Development Board of Bangladesh (PDB).
The objective of this MoU was to set up an integrated 800-1000 MW LNG power plant in two phases. There will also be a 100MW solar power project.
Sheikh Ahmed Dalmook Al Maktoum and PDB Chairman Khaled Mahmud signed the MoU on behalf of their respective sides.
The fourth MoU was signed between the private office of Sheikh Ahmed Dalmook Al Maktoum and the Bangladesh Investment Development Authority (BIDA).
The focus of this MoU was on setting up a special economic zone in Matarbari.
They wanted 300 acres of land where they would set up a company for investment.
Sheikh Ahmed Dalmukh signed the MoU for his side, while PM’s Principal Secretary, Nojibur Rahman, signed it for Bangladesh.
By signing these MoUs, the foreign secretary said, the possibility of opening new doors has been created for trade and business between Bangladesh and the UAE.