Staff Correspondent, Dhaka
Bangladesh is set to host an international investment summit in Dhaka, with participation expected from global business tycoons, including Elon Musk from the United States.
Sources close to the government revealed to UNB that a team from the interim government has already extended invitations to global business figures, as the grand gathering of investors is going to be held in Dhaka next April, with Elon Musk expected to attend.
“The government is highly optimistic about Elon Musk’s participation. Recently, his senior security adviser visited Dhaka,” an official told UNB on Wednesday.
Musk, who recently set a new milestone in global economics, became the first individual to amass a fortune of $400 billion, according to a Bloomberg report.
His wealth has surged due to the market growth of his companies, Tesla and SpaceX, propelling him to the top spot on the list of the world’s richest individuals.
The investment summit is tentatively scheduled for mid-April.
Preparations are already underway, with a proposed three-day agenda and a curated guest list.
The Bangladesh Investment Development Authority (BIDA) will serve as the main organizer of the summit, with full support from the government and administrative bodies.
According to the sources, the world’s wealthiest individuals are on the invitation list.
Amazon founder Jeff Bezos and Oracle co-founder Larry Ellison are also likely to be invited.
In an effort to attract these global tycoons, BIDA plans to leverage the recognition of Chief Adviser Dr Muhammad Yunus.
Bangladesh aims to use this event as a platform to draw substantial foreign investment.
In a related development, US President Donald Trump’s re-election has further enhanced Elon Musk’s business prospects.
His significant role in Trump’s election campaign is seen as a factor in the favourable market conditions for his ventures in the US.
Musk’s associate, Indian-origin Sriram Krishnan, has been appointed to a key role in the White House’s Artificial Intelligence (AI) policy-making committee.
This decision underscores the increasing importance of AI in policy circles, with Krishnan set to play a pivotal role in shaping future AI regulations.
Bangladesh has held investment summits in the past, both domestically and abroad, none of which have fully achieved their intended goals.
“So it is going to be a game-changer for the nation!” said an official.
