DHAKA: Dr Syed Abdus Samad, the Executive Chairman of Board of Investment, invited the participants of 18th Asian Investment Conference (AIC) to consider Bangladesh as ‘dreamland for investors’.

The Executive Chairman joined the AIC conference of Credit Suisse held in Hong Kong.

He said Bangladesh is included in the frontier markets list with other 35 countries, according to a press release.

However, Samad was accompanied by the Consul General of Bangladesh in Hong Kong, Mohammad Sarwar Mahmood.

The Executive Chairman mentioned that the National Industrial Policy of Bangladesh recognizes private sector as the engine of growth.

According to him, 100 percent foreign equity is allowed in Bangladesh. No upper ceiling for foreign investors or performance is required and equal treatment has been ensured for both local and foreign investment.

Mentioning World Bank’s ‘Doing Business report 2014’, Samad said that Bangladesh is the 2nd easiest place in the region to do business, 2nd in the region on ‘starting a business’, 1st in region on ‘protecting investors’ and 1st in region on ‘ease of paying tax’.

He added that investment in Bangladesh is secure vis-à-vis nationalization and expropriation.

BDST: 1945 HRS, MAR 24, 2015