Chief Adviser Yunus Urges Malaysian Conglomerates To Invest In Bangladesh
According to Bangladesh Sangbad Sangstha (BSS), the call came during a series of meetings in Kuala Lumpur with some of Malaysia's most prominent business leaders.
Prof Yunus invited Tan Sri Jeffrey Cheah, chairman and founder of the Sunway Group, to invest in affordable housing in Bangladesh — particularly for the growing number of factory workers living near industrial parks and economic zones.
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'It is time to invest in Bangladesh,' said Prof Yunus, highlighting the reforms undertaken by his government to create a more business-friendly environment.
Bangladesh Investment Development Authority (BIDA) Executive Chairman Chowdhury Ashik Mahmud Harun underscored the urgent need for large-scale investment in housing and construction, especially in the south-eastern region where new ports and economic zones are being developed.
'Bangladesh is witnessing rapid urbanisation. We need massive investment to build homes and facilities for millions of workers and new city residents,' he said.
He also encouraged the Sunway Group — one of Malaysia's largest healthcare providers — to establish hospitals in Bangladesh.
Cheah responded that his companies would 'definitely' explore business opportunities in the country. He also expressed interest in offering scholarships to Bangladeshi students, noting that tens of thousands of Bangladeshis currently work in Sunway's construction and housing divisions.
Praising Bangladeshi workers, Cheah revealed he had urged Malaysian authorities to extend their permitted stay beyond six years.
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