Bangladesh, Qatar sign 10 cooperation deals during emir’s first Dhaka trip

  • 4/23/2024
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Agreements cover investment, maritime transport and establishment of joint business council Bangladeshi president invited Qatar’s emir to invest in the country’s special economic zones DHAKA: Bangladesh and Qatar signed 10 cooperation agreements on Tuesday as the Gulf state’s Emir Sheikh Tamim bin Hamad Al-Thani made his first official visit to Dhaka. Prime Minister Sheikh Hasina and Sheikh Tamim witnessed the signing ceremony, which covered deals on investment, maritime transport, taxation, legal affairs and the establishment of a Bangladesh-Qatar joint business council. The two countries also signed several memoranda of understanding, including on diplomatic training, education, labor, youth and sports, as well as port management cooperation. Sheikh Tamim then held a meeting with President Mohammed Shahabuddin as part of his visit to Bangladesh, which is the second stop in the emir’s Asia tour that began in the Philippines on Sunday. During their talks, Shahabuddin invited Qatar to invest in Bangladesh’s special economic zones. “Bangladesh will welcome investments in various sectors including in state-led food supply chains from production to consumption such as agro-production and processing, food packaging, smart agriculture and fertilizer production,” Shahabuddin’s press secretary Joynal Abedin told reporters after the meeting. “Qatar investors can get massive incentives and support in sectors like petrochemicals, energy, machineries, information technology, electronics, ceramics, agri-business, and food processing in Bangladesh.” Shahabuddin also urged Sheikh Tamim to recruit more skilled workers from Bangladesh during their talks, Abedin said. Qatar is currently the largest supplier of liquefied natural gas to Bangladesh. Earlier this year, the emirate signed a 15-year agreement with the US-based Excelerate Energy to supply 1 million metric tons per year of LNG to Bangladesh starting from January 2026. The Gulf state is also home to about 400,000 Bangladeshis who live and work there, as it is one of the preferred destinations for migrant workers from the South Asian country.

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