Dhabi Group, BoI may sign MoU this week
BDNEWS, Dhaka
A memorandum of understanding (MoU) between Dhabi Group, the Middle East industrial giant, and Board of Investment (BoI) is expected to be signed later this week during a visit by Dhabi Group Chairman Sheikh Nahayan Mabarak Al Nahayan, said BoI executive chairman.Dhabi Group is likely to invest US$ one billion in Bangladesh to set up a five-star hotel, mobile phone company and a pharmaceutical company, a top official of the BOI) said yesterday. Nahayan will arrive in Dhaka on August 31 and have talks with the government officials during his three-day visit. Nahayan will be accompanied by a cabinet minister of the United Arab Emirates. The government has primarily selected Fairly House, a shipping ministry guest house, situated in capital's Paribagh area as the most suitable place for developing a five-star hotel.
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