DP World, a Dubai-based multinational logistics company, will invest $1 billion in Bangladesh’s supply chain infrastructure, including ports, rail network and inland container terminals.
This is within the scope of the government-to-government agreement entered into in 2019 for public-private participation on infrastructure projects, said a press release of the company on Tuesday.
The assurance came when a high-level delegation of the Bangladesh government led by State Minister for Shipping Khalid Mahmud Chowdhury, visited Jebel Ali Free Zone and the Jebel Ali Port in Dubai on November 21-23.
The delegation included Sultana Afroz, Secretary and Chief Executive Officer for Public-Private Partnership Authority, Mohammed Mezbah Uddin Chowdhury, Secretary, Ministry of Shipping; and Rear Admiral M. Shahjahan, Chairman of Chittagong Port Authority and other senior government officials.
During the tour, they also visited the DP World Pavilion at the Expo 2020 Dubai.
The visit represents a key step in reinforcing DP World’s commitment to partner with the government of Bangladesh in enhancing its supply chain infrastructure and processes, it said.