$1Bn investment plan from DP World in Bangladesh
Dubai-based terminal operator DP World wants to invest US$1bn in Bangladesh’s container supply chain infrastructure, including ports, rail network and inland container terminals.
The global port giant has tabled a formal proposal to Bangladesh’s government after a meeting organised with the Dubai Chamber last month.
It expects the investments to bring cumulative economic benefits of $35bn to Bangladesh: $14bn from the logistics corridor and $21bn from the digital platform.
DP World expects its investment and technology transfer will drive increased exports, a six-fold growth in foreign direct investment, an increase in the contribution of the manufacturing sector to national GDP, rapid job creation and the diversification of the country’s exports.