Singapore has expressed interest in exploring investment opportunities in Bangladesh’s infrastructure development, logistics and supply chain management, and industrial sectors, with a particular focus on terminal development and operations.

The interest was expressed at a meeting between Philip Ong, acting chargé d’affaires of the Singapore High Commission in Bangladesh, and Ashik Chowdhury, chairman of Invest Bangladesh, in Dhaka on Sunday (October 18).

The meeting, held at the Invest Bangladesh office, discussed Bangladesh’s investment climate, institutional coordination, infrastructure development and ways to expand bilateral economic cooperation.

Philip Ong praised the initiative to establish Invest Bangladesh by integrating the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA) and Public-Private Partnership Authority.

He said such institutional reforms could ensure more coordinated, faster and more effective services for investors.

Ashik Chowdhury said the institutional integration and coordination initiative offered scope for further expansion, with additional organisations potentially joining the platform in phases.

He said the initiative aimed to improve logistics and transport support for investors, encourage investment in solar power plants, advance privatisation, accelerate digitalisation and create a business environment conducive to industrial growth.

The meeting also explored potential Singaporean investment in Bangladesh’s infrastructure and logistics sectors. The experience and capabilities of Singapore-based global port operator PSA International were highlighted, alongside discussions on the company’s potential involvement in developing and operating terminals in Bangladesh.

Philip Ong expressed Singapore’s interest in working with the Bangladesh government and strengthening economic cooperation between the two countries. He also stressed the importance of policy consistency, transparency and a predictable business environment to boost investor confidence.

Both sides expressed optimism about creating new opportunities for cooperation in investment, infrastructure, logistics and industrial development.