Maersk, DP World eye investing in Bangladesh shipping sector

Dhaka : To turn Bangladesh into a significant international export hub, DP World and AP Moller-Maersk expressed their keen interest in investing in the country's maritime industry in an effort to help build additional ports along the Bay of Bengal.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, and Robert Maersk Uggla, Chair of AP Moller-Maersk, presented their investment recommendations to Chief Adviser Professor Muhammad Yunus during the World Economic Forum's annual conference in Davos on January 23.

The suggestions were well received by Dr Yunus, who invited both businesses to come to Dhaka with comprehensive investment plans.

In order to maximize Bangladesh's potential as a regional business hub, he underlined the necessity of building a number of ports around the Bay of Bengal.

Sultan Ahmed Bin Sulayem, CEO of DP World, indicated interest in funding the New Mooring Container Terminal in order to improve efficiency, lower emissions, and ease traffic at Chattogram Port.

Sulayem expressed optimism in reproducing the success of DP World's investments in Bangladesh, as these projects in other nations had continuously drawn substantial FDI.

Dr Yunus emphasized that in order for Bangladesh to establish itself as a regional export hub, port facilities must be improved.