Prime Bank Investment inks deal with UAE firm for $2b investment

Prime Bank Investment PLC (PBIL), a subsidiary of Prime Bank PLC, has signed a memorandum of understanding (MoU) with Equiline Finance, an Abu Dhabi-based impact investment and project finance company, to strengthen cooperation in sustainable project financing in Bangladesh.

Under the agreement, Equiline Finance has shown initial interest in investing more than $2 billion in government-backed infrastructure and development projects. The proposed investment will focus on sectors including energy, transport, healthcare, ports and logistics, agriculture and agro processing, waste and water management, tourism, digital infrastructure, and other priority areas.

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The proposed investment will cover sectors, including energy, transport, healthcare, ports and logistics, agriculture and agro processing, waste and water management

PBIL will act as Equiline’s local partner in Bangladesh. It will help assess project bankability, structure deals, and provide capital market access and advisory services for suitable projects.

The MoU was signed on Monday by Salah Al Nasser, chief executive officer of Equiline Finance and chairman of Faminas Investment Group, and Syed M Omar Tayub, managing director and CEO of Prime Bank Investment PLC, according to a press release.

“This MoU positions PBIL as a trusted local partner for Equiline Finance by combining its global financing capacity with PBIL’s local market knowledge, regulatory expertise and investment banking capabilities,” Omar said.

He added that the partnership would help turn investment interest into bankable projects and attract long-term capital for impact-driven initiatives.

Salah said Bangladesh has strong economic fundamentals and a clear development agenda.

He added that working with PBIL would strengthen Equiline’s local presence in project origination, structuring and market execution as it explores investment opportunities in priority sectors.

The partnership is expected to improve Bangladesh’s access to capital from the UAE and the wider region, while also supporting foreign investment in infrastructure and the capital market, the release added.