Top U.S. businessman Gentry Beach called on Chief Adviser Professor Muhammad Yunus today in Dhaka. Photo: PID
Business delegations from the United States and Turkey have expressed strong interest in increasing investments in Bangladesh, signaling positive growth prospects for the country’s economy.
Gentry Beach, the CEO and founder of Highground Holdings, met with Chief Adviser Professor Muhammad Yunus today, where he outlined plans for further investments in Bangladesh’s energy, finance, real estate, and defense sectors.
Beach, who has already acquired several assets in the country, praised the improvements in law and order, noting that stability had returned and created an ideal environment for business expansion. “It is time for more investment to come to this country,” Beach said, highlighting the positive reforms implemented by the interim government. He emphasized that increased US investments would also contribute to rising labor wages in Bangladesh.
Prof Yunus welcomed the investment, noting that the country is ready for business and had entered a new phase of economic development. The Chief Adviser further emphasized the potential for more US involvement in areas like gas exploration and offshore projects.
The president of the top Turkish business group Koc Holdings, Fatih Kemal Ebiclioglu, met with Chief Adviser Professor Muhammad Yunus today at the State Guest House Jamuna in Dhaka. Photo: PID
Meanwhile, a Turkish business delegation led by Fatih Kemal Ebiclioglu, president of Koc Holdings’ durable goods division, also met with Prof Yunus to discuss the company’s plans for a new component manufacturing plant in Bangladesh. Koc Holdings, a $60 billion conglomerate, is already invested in Bangladesh through a home appliance manufacturing plant in Narayanganj, which it established after acquiring Singer Bangladesh Limited.
Ebiclioglu expressed confidence in Bangladesh’s potential as an investment destination, particularly in the manufacturing sector. He highlighted plans for further expansion, which would include exporting components to Koc Holdings’ factories worldwide.
Prof Yunus extended his support for Turkish investment, encouraging Koc Holdings to set up more manufacturing plants in Bangladesh to meet global demand. He also underscored the country’s potential as a production hub for halal goods and an assembly hub for various products.
Both meetings with US and Turkish business leaders reflect growing international confidence in Bangladesh’s economic future. With a government committed to attracting foreign direct investment, the country is poised to become a key player in the global manufacturing and energy sectors.
The meetings were also attended by Ashik Chowdhury, Chairman of the Bangladesh Investment Development Authority (BIDA), Lamiya Morshed, Senior Secretary for SDG Affairs, and Lutfey Siddiqi, Special Envoy to the Chief Adviser.