Dhaka Chamber of Commerce and Industry (DCCI) and Dubai Chambers have signed a Memorandum of Understanding (MoU) to strengthen bilateral trade and investment between Bangladesh and the UAE. The agreement was signed by DCCI President Taskeen Ahmed and Dubai Chambers President and CEO Mohammad Ali Rashed Lootah during the Dubai-Bangladesh Business Briefing in the UAE.
The MoU aims to enhance business ties, facilitate B2B matchmaking, encourage joint investments, host trade meetings and exhibitions, and promote trade delegation exchanges.
Leading a 29-member Bangladeshi business delegation, Taskeen Ahmed highlighted Bangladesh’s investment potential, citing fiscal incentives, 100% foreign ownership, bonded warehouse facilities, and strong intellectual property protections. He invited UAE entrepreneurs to invest in logistics, renewable energy, fintech, healthcare, IT, and tourism in Bangladesh.
Dubai Chambers President Mohammad Lootah reaffirmed support for Bangladeshi businesses, noting that 8,686 Bangladeshi companies are already registered with Dubai Chambers. He encouraged Bangladeshi firms to set up offices in the UAE to expand into the Middle Eastern and African markets.
Former DCCI President Rizwan Rahman proposed a free trade agreement (FTA) between Bangladesh and the UAE to boost trade. Additionally, Dubai Chambers’ Research and Data Head, Omar Khan, highlighted investment opportunities in processed food, data centers, healthcare, logistics, fashion design, and e-commerce.
The event concluded with a B2B matchmaking session, connecting 50 Dubai Chambers member companies with the DCCI delegation.
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