UAE’s Lulu, NMC groups keen to invest in Bangladesh

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Bangla Tribune Desk
Published : 17:42, Feb 19, 2019 | Updated : 17:50, Feb 19, 2019

Chairman of NMC Group Dr B R Shetty paid a courtesy call on Prime Minister Sheikh Hasina at her hotel suite in Abu Dhabi. PHOTO/Focus Bangla

Major UAE conglomerates – Lulu Group International and NMC Group — have expressed their interest to invest in several sectors in Bangladesh, including healthcare, tourism, hospitality, and retail chain shops.

Lulu Chairman and Managing Director Yusuff Ali and NMC Chairman BR Shetty called on Prime Minister Sheikh Hasina on Tuesday at the St. Regis Abu Dhabi hotel, where the premier is staying during her official visit to the Gulf state, reports BSS.

PM’s press secretary Ihsanul Karim briefed reporters about the meeting between Hasina and the two top UAE business leaders.

Lulu Group Chairman said Bangladesh has emerged as a very potential area for investment in the tourism and hyper shopping mall and sought land in Dhaka or adjacent areas, according to Karim.

He said the business group plans to invest in a shopping mall and convention centre, creating about 5,000 jobs.

Hasina assured the Lulu group top official of allocating necessary land and urged them to visit Bangladesh to have firsthand experience for implementing their business plan, the state news agency quoted her press secretary.

The prime minister called Lulu Group to invest in food processing industries in the special economic zone, according to Karim.

NMC Group showed interest to expand its humanitarian activities and healthcare services in Bangladesh, said the PM’s press secretary.

Hasina asked NMC boss asked Shetty to come up with proposals for cancer and cardiac diseases hospitals, Karim was quoted by the BSS.

The NMC chairman said they would visit Bangladesh to talk to the officials for execution of their plan.

Describing the Hasina’s ongoing visit to UAE as “very successful”, Press Secretary Karim said the visit would yield better results than the expectation.

Foreign Minister AK Abdul Momen, State Minister for Expatriate Welfare and Overseas Employment Imran Ahmed and Principal Secretary to the Prime Minister Md. Nojibur Rahman were present on the occasion.

/zmi/up-hm/
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