Qatar businesses eye investments in Bangladesh pharma industry


A number of Qatari businessmen discussed investment opportunities in Bangladesh’s pharmaceutical industry during a seminar organised by the Bangladesh embassy in Doha.
Titled ‘Business and Investment Opportunities between Qatar and Bangladesh’, the seminar gathered a delegation of businessmen and representatives of leading pharmaceutical companies in Bangladesh, QNA said in a dispatch.

The seminar revealed that the pharmaceutical sector was one of the most growing sectors in Bangladesh with a more than $2bn market and as many as 257 pharmaceutical companies operating in the country, covering 98% of the medicine needs of the domestic market, as well as global exports.

Qatar Chamber vice chairman Mohamed bin Twar said there are efforts to expand cooperation with the Bangladesh private sector, which has about 380,000 workers in Qatar contributing to the development projects in the country. Twar noted that the Bangladeshi community is one of the largest expat communities in Qatar after India and Nepal.

He added that holding the seminar and similar activities would contribute to increasing economic cooperation between businessmen in both countries and open ways for more partnerships, especially in the pharmaceutical sector.

He said the pharmaceutical industry is one of the promising sectors in Bangladesh even as he called on Qatari businessmen to explore investment opportunities in this field.

Doha Bank CEO Dr R Seetharaman; secretary general of the Bangladesh Pharmaceutical Industries Association Muhamed Shafir; Bangladeshi ambassador Ashud Ahmed, and Hamad General Hospital medical director Dr Yousif al-Mislamani participated in the seminar.

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