Economy & Business Thursday, January 30, 2020 11 House rents in ’s prime Made in B’desh expo to help areas stabilise, forge alliances: Minister Alam says research Day two sees exchange of key insights on investment benefits under QFC, ICT opportunities in Bangladesh

Rahul Preeth

The ongoing Made in Bang- ladesh Exhibition will go a long way in forging greater alliances between companies in Qatar and Bangladesh, the South Asian nation’s Minis- ter of State for Foreign Affairs Mohammed Shahriar Alam said in Doha on Wednesday. The visiting minister toured the various pavilions at the Doha Exhibition and Con- Johnny Archer Edd Brookes vention Centre, showcasing some of the Bangladeshi prod- said despite a net in- ucts and services that are be- Residential market crease of 1,900 rooms in ing exported to more than 100 remains robust 2019, hotel occupancy companies around the world. increased from 56 per- Alam said the Bangladesh with average cent in 2018 to 65 percent economy has steadily accel- Experts at a seminar on the booming information and communications sector of Bangladesh in Doha on Wednesday. occupancy at 82% during 2019. erated in recent years, with In the commercial of- growth reaching more than expo’s second day saw several fice market, it added, de- 8 percent in 2019. The coun- Qatari company representa- Rahul Preeth spite the significant in- try scores particularly well on tives visiting the stalls and Doha crease in supply, average socio-economic indicators, he holding business-to-business occupancy remains un- added, urging investors in Qa- meetings with their Bangla- Rents for prime resi- changed from 2018 at 67 tar to make use of the attrac- deshi counterparts. Food and dential locations in Qatar percent. tive investment opportunities beverage, ICT, ceramics, phar- such as Viva Bahriya and Cushman & Wakefield in the country, which several maceuticals and fashion stalls The Pearl-Qatar have sta- also reported a significant global banks and multilateral had significant footfalls. Visi- bilised in recent months, increase in international institutions say has a highly tors also enjoyed the culinary according to a new real occupier enquiries for of- optimistic outlook. delights of Bangladesh at the estate market research. The Made in Bangladesh food corner. The residential mar- Exhibition extends a platform The day concluded with a ket remains robust with Rents in villa to businessmen in Qatar to get dazzling show of Bangladeshi average occupancy at compounds in estab- a deeper understanding of the fashion and culture. Wednes- 82 percent, the fourth lished locations such as kind of investment opportu- Bangladesh’s Minister of State for Foreign Affairs Mohammed Bangladesh’s Ambassador to Qatar HE day’s fashion show included quarter Qatar Real Es- nities in Bangladesh and the Shahriar Alam Ashud Ahmed abayas and leather products tate Market Review re- Al Waab, and scope of potential collabora- from Bangladeshi entrepre- leased by research firm have tions with their Bangladeshi of billion-dollar opportuni- the Qatar Free Zones Author- neurs. Students from Bang- Cushman & Wakefield on remained stable counterparts, he added. ties, has a friendly tax and The Made in Bangladesh ity, the TASMU Digital Valley ladesh MHM School and Col- Wednesday said. in recent months The three-day exhibition, business environment, pro- Exhibition extends a is an innovation cluster where lege Qatar put together some Rents show signs of which began on Tuesday, saw vides competitive 10 percent platform to businessmen different sectors come togeth- spectacular cultural shows stabilising, particularly a seminar on the booming tax on locally-sourced profits, in Qatar to get a deeper er to help achieve the vision later in the day. within the one and two- fice space in the last 3 information and communica- extends up to 100 percent understanding of the kind of Smart Qatar. It connects The three-day Made in bedroom categories on months. tions sector of Bangladesh. It foreign ownership and 100 entrepreneurs, startups, inves- Bangladesh Exhibition will The Pearl Qatar, it said, Edd Brookes, Gen- features a line-up of high-pro- percent repatriation of profits of investment opportuni- tors, academics, researchers, conclude on Thursday, with adding that prime villas eral Manager of Cush- file speakers. and features an independent ties in Bangladesh students, multinational corpo- the last day featuring a folk had performed well dur- man & Wakefield Qatar, Jahongir Burhonov, the and transparent legal environ- rations, and institutions with festival, closing ceremony and ing 2019, with stabilised and Head of Middle East vice president business devel- ment, Burhonov said. the common goal of innovating a gala dinner. rents and strong occu- said, “Despite the pres- opment at the Qatar Finan- Laying out some of the parks is another potential new digital solutions. The expo is being organ- pancy. sures of pipeline supply cial Centre Authority, gave an key investment opportunities investment area worth ex- Hemaidi called Bangladesh ised by the Embassy of Bang- Rents in villa com- in both Commercial and overview of the benefits of set- in the information, communi- ploring, she said, assuring to explore the possibilities of ladesh in Qatar and the Bang- pounds in established lo- Residential sectors, the ting up businesses under the cation and telecom (ICT) sec- BHTPA’s assistance to Qatar joining Qatar’s digital pursuit. ladesh Forum Qatar (BFQ), a cations such as Al Waab, prime markets remain QFC fold in Qatar. tor, the Bangladesh Hi-Tech investors in tapping technical- Syed Almas Kabir, the non-profit organisation com- Ain Khaled and Abu Ham- robust and it is encour- He highlighted the oppor- Park Authority (BHTPA) ly-skilled human resources in president of Bangladesh As- prising Bangladeshi expatriate our have remained stable aging to see a significant tunities up for grabs in the Managing Director, Hosne Bangladesh. sociation of Software and In- professionals. It is being held in recent months, the re- increase in commercial sports services, financial tech- Ara Begum, said, “Qatar can Asmaa al Hemaidi of the formation Services (BASIS), under the patronage of the port said. office enquiries during nology and digital businesses. invest in fast-emerging tech- Ministry of Trasport and Com- said the country was becom- Bangladesh Export Promo- However, residential the last 3 months. Qatar These are some of the specific nology parks in places such munication highlighted the ing a major software exporter, tion Bureau and is sponsored rents have not yet been is becoming the location service industries QFC will as Kaliakor, Sylhet, Rajshahi TASMU Digital Valley’s mis- particularly in IT outsourcing, by the Qatar Financial Centre impacted by the recently of choice for many inter- pursue growth opportunities and Mirshorai.” sion is to promote and grow a business process outsourcing (QFC), Qatar Chamber and opened Qatar Rail net- national companies look- in, under its 2022 strategy. Developing e-waste man- digital ecosystem in Qatar. and software development. the Qatari Businessmen As- work, it said. ing to locate regionally, The Qatar market is full agement plants in hi-tech An initiative of MoTC and The morning session of the sociation. “In the medium to long both for its affordability term, we expect to see in- for employers as well as creased demand in loca- its attractiveness for ex- tions close to the main pats due to its security metro stations, which and many international Bangladesh official calls Qataris to invest in his country may generate higher rents cultural and sporting in these locations due to attractions.” Tribune news network for Foreign Affairs of Bang- He said Bangladesh is the increased connectivi- Johnny Archer, Head Doha ladesh Mohammed Shahriar transforming very fast and ty. However, rents contin- of Consulting and Re- Alam and his accompanying there are a multitude of in- ue to soften in the over- search for Cushman & Qatar Chamber Second delegation in the presence vestment opportunities in all market as new supply Wakefield Qatar, added, Vice-Chairman Rashid bin of Bangladesh Ambassador many promising sectors outweighs new demand. “The active role the gov- Hamad al Athba has said to Qatar HE Ashud Ahmed. such as garments and tex- Rents in some of Doha’s ernment has taken in that trade relations between The meeting touched on tiles, noting that his country traditional urban districts opening up the Qatar real Qatar and Bangladesh have reviewing both countries’ exports to Europe, Asia and such as Bin Mahmoud and estate market is clearly greatly developed in the past economic and commercial Africa. Al Sadd have, on average, having a positive effect, few years, noting that Qatari ties, Qatar Chamber said in a He also called upon Qa- seen falls of between 10 and the major investment businessmen and investors statement on Wednesday. tari investors to identify percent and 15 percent in the tourism projects are interested to explore the On his part, Alam invit- investment opportunities over the past year.” will no doubt provide a investment opportunities ed Qatari investors to visit available in Bangladesh eco- Within the hospital- positive boost for the hos- available in Bangladesh. Bangladesh to learn about nomic zones which planned Minister of State for Foreign Affairs of Bangladesh Mohammed Shahriar ity market, the report pitality sector.” This came during a meet- opportunities of investment to set up 100public and pri- Alam in a meeting with Qatar Chamber Second Vice-Chairman Rashid ing with the Minister of State available in all sectors. vate economic zones. bin Hamad al Athba in Doha on Wednesday.

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