PM urges DP World to invest in Bangladesh's free trade zones, rail-based ICDs

Prime Minister Tarique Rahman today urged global logistics giant DP World to invest in Bangladesh in various sectors, particularly in free trade zones and rail-based inland container depots (ICDs), to help expand the country’s trade and logistics infrastructure.

The PM made the call when a delegation led by DP World Board Chairman Essa Kazim met him at the Secretariat this evening, said PM's Assistant Press Secretary KM Nazmul Haque.

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During the meeting, they discussed ways to expand trade and investment between Bangladesh and the United Arab Emirates, develop port management and logistics sectors, and advance various issues of mutual interest.

They also discussed the 15-year concession agreement signed between Bangladesh and DP World for the operation and modernisation of the New Mooring Container Terminal (NCT) at Chattogram port.

Under the agreement, DP World will operate and maintain the container terminal and its overflow container yard, said the assistant press secretary.

The partnership is expected to help modernise the terminal, enhance operational efficiency and further strengthen Bangladesh’s port and logistics infrastructure, he added.

During the meeting, the prime minister also sought to know about DP World’s interest in making new investments in Bangladesh, including establishing free trade zones and rail-based inland container depots.

In response, the delegation expressed its interest in cooperation and investment in these areas.

The prime minister also urged DP World and other international investors to explore investment opportunities in Bangladesh.

The meeting also explored various possibilities for developing Bangladesh’s port infrastructure, expanding regional trade and making the country’s logistics system more modern, efficient and effective, added Nazmul.