Next rising star in South Asia for foreign investment

In recent years, the economy of Bangladesh has been taking a fair turn.

 

Economic expansion is persistent for a decade registering 6 percent growth promising to reach 7 percent in years to come.

 

Bangladesh is now trying to establish itself as the next rising star in South Asia for foreign investment, reports the Arab News.

 

The government has implemented a number of policy reforms designed to create a more open and competitive climate for private investment, both foreign and local.

 

Bangladesh is a winning combination of competitive market, business-friendly environment and competitive cost structure.

 

The economy of Bangladesh is currently $180 billion which according to IMF will rise to $322 billion by 2021 creating enormous economic opportunities. 57 percent of the population is under 25 years old, hungry for work and growth.

 

Strategic location, regional connectivity and worldwide access Bangladesh is strategically located next to India, China and ASEAN markets.

 

As the South Asian Free Trade Area (SAFTA) comes into force, investors in Bangladesh enjoy duty-free access to India along with EU, Japan and other developed countries.

 

Bangladesh has proved to be an attractive investment location with its 160 million populations and consistent economic growth for a decade leading to strong and growing domestic demand.

 

Bangladesh is an ideal destination for Saudi entrepreneurs as it has a very dynamic young talented Muslim population.