Two UAE Firms Plan Investments in Ports and Renewable Energy

Industry: Energy & Power, Logistics & Shipping, Shipping, Solar & Alternative Energy
Economic Tag: FDI

UAE’s Abu Dhabi Ports Group (ADPG) and Masdar plan significant investments in Bangladesh’s port and renewable energy sectors. Masdar intends to invest $500 million in a 250-megawatt solar power project on reclaimed land along the coast. ADPG aims to develop a bay terminal through a joint venture with the Chittagong Port Authority, focusing on port management and logistics. These investments reflect growing interest, with ADPG joining other global firms in Bangladesh’s port development. Additionally, the UAE delegation expressed interest in investing in Mongla port’s infrastructure, positioning it as a regional trade hub. The shipping adviser highlighted the potential for foreign investment in Mongla, with improved connectivity to neighboring countries like India, Nepal, and Bhutan.

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