Oman wants to invest in Bangladesh. Prospective sectors include leather, jute, furniture, handicrafts and others. Oman, an Islamic country, sees many similarities with Bangladesh.

Bangladesh mainly exports agricultural and engineering products, footwear, frozen foods, plastic goods, jute and jute goods to Oman while it imports rubber, mineral products, chemical and textiles.

Cooperation in agriculture and fisheries is another prospective area where both the parties are working together. Another is the energy sector. Bangladesh is seeking investment from Middle Eastern countries in different sectors. Oman has a lot of cash and is looking for good investment destinations. So if Bangladesh provides a favorable regime for Middle Eastern investment, it will ultimately help the country to create more employment opportunities and to grow more.

The United States is currently facing sluggish growth while the Euro zone is reeling under a debt crisis. These two are the biggest destinations of Bangladesh’s export items and also the country gets most of its foreign investment from these regions. Due to the bad conditions in those countries, Bangladesh’s export growth is slowing down while foreign investment is drying up. In this backdrop, the future for Bangladesh is the Middle East.