Singapore wants to invest in tourism and agricultural sectors

A high-level delegation from Singapore showed great interest in investing in Bangladesh during a meeting with the Bangladesh Investment Development Authority (BIDA).

The meeting was held on Thursday at the BIDA conference hall and chaired by Dr. Azizul Islam, Executive Member (Additional Secretary), BIDA, with the aim of exploring investment prospects in tourism, jute and allied sectors in Bangladesh. As stated in the press release, Dr. Azizul Islam during the meeting highlighted the conducive investment environment in Bangladesh, particularly highlighting its security and potential in various sectors.

He highlighted the attractiveness of Bangladesh’s tourism sector, highlighting destinations such as Cox’s Bazar and the Sundarbans, while pushing for investment in jute, agriculture and vegetable farming.

Derek Loh, Non-Resident High Commissioner of the Republic of Singapore, strengthened the strong ties between Singapore and Bangladesh, noting the significant Bangladeshi labor force in Singapore.

He reiterated interest in investing in Bangladesh’s tourism, jute, agriculture and vegetable sectors, citing the country’s impressive socio-economic progress and its position as an export powerhouse.

Loh was accompanied by Sheela Pillai, Charge d’Affaires at the Singapore High Commission in Dhaka, Mitchel Lee, Deputy Director at the Ministry of Foreign Affairs, Benjamin Chue, South Asia Development Partner at Enterprise Singapore, Esther Lee from the Ministry of Foreign Affairs and Clarence Chong, deputy development partner at Enterprise Singapore.

During the meeting, Mohibul Islam, deputy director of marketing and branding at the Bangladesh Tourism Board, introduced the tourism industry in the country and Sejuti Borua, deputy director of BEZA, discussed BEZA’s tourism ventures.

Additionally, Faruq Ahmed, CEO of Bangladesh Jute Mills Corporation, discussed investment opportunities in the jute sector.

Representatives from key Bangladeshi organizations such as BEZA, Bangladesh Parjatan Corporation, Tourism Board, BJMC, Akij Group and Bay Group were also present, actively engaging in discussions to foster potential cooperation and investment.