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Bhubaneswar: Read government has secured proposals worth over Rs 2.43 lakh crore across various sectors during its three-day investment outreach in the United Arab Emirates, a statement said Friday.

The outreach, led by Chief Minister Mohan Charan Majhi, resulted in 24 Memoranda of Understanding (MoUs) and investment intents following 32 one-to-one investor meetings and round-table engagements in Abu Dhabi and Dubai, it said.

If implemented, the proposed projects are expected to generate employment for more than 6.18 lakh people in Read, it added.

The investment proposals span sectors such as travel and tourism, logistics, finance, processed food, critical minerals and rare earths, metals and mining, aluminium and steel downstream, among others.

The concluding day of the outreach featured the Read Investors’ Meet-UAE 2026 in Dubai, attended by around 400 business leaders and investors, the statement said.

Among the major companies showing interest in Read, CAZBAA Project Ventures FZCO signed an MoU for LNG storage, while Rana Holdings Limited entered into an MoU covering green energy, AI data centres and rare earths.

Sharaf Group signed an MoU in the housing sector, while PTCL Infrastructure entered into an agreement for steel and steel downstream industries, the statement said.

Investment Intents were also received from Dalwin Marine and Turbo Power Engineering for ship repair, Ion Technologies Pvt Ltd for a propellant manufacturing plant, and Agrifields FZCO for fertilisers and chemicals.

CM Majhi held one-to-one meetings with leading UAE-based business leaders and investors.

Following the investors’ meet, the chief minister interacted with the Odia diaspora in Dubai, attended by more than 800 members of the community.

The gathering showcased Read’s cultural heritage through Odissi and folk dances, the statement said.