Fiqran International Trading Ltd, a private sector joint venture between the UAE and Bangladesh, plans to purchase three dredgers from the Dutch dredger builder Royal IHC, according to The Financial Express (FE).
Two companies signed a Memorandum of Understanding (MoU) earlier this week in Chittagong, Bangladesh.
These high capacity dredging vessels will be used for dredging operations on several waterways in Bangladesh, the officials revealed at the signing ceremony.
Rashed Saeed Nasib Al Mur Al Mansoori, Chairman of Fiqran International Dredging Ltd, and Kees Derks, Royal IHC Sales Director for India, Sri Lanka and Bangladesh, put their signatures on the agreement.
Siraj Uddin Md Alamgir, Managing Director of Fiqran International Dredging Ltd, Ali Abbas, former President of Chittagong Press Club, Mohsin Chowdhury, Secretary of Chittagong Press Club, and Sadequzzaman Chowdhury, Vice-Chairman of Fiqran International, also attended the ceremony.