Saudi Arabia offers large scale investment in Bangladesh
Saudi Arabia has offered to make a large scale of investment in various sectors of Bangladesh, as the country has a stable government and a tremendous record of economic growth.
Saudi Arabian Minister of Investment Khalid A Al-Faliah and Minister of Economy and Planning Faisal Alibrahim came up with the offer when they jointly called on Bangladesh's Premier Sheikh Hasina at her place of residence in Doha today.
While briefing the media, after the meeting, Bangladesh Foreign Minister AK Abdul Momen quoted the two ministers as saying, 'We see few issues as investors. Firstly, the stability (of the country), businessmen see whether it is stable, the future of investment. The present and future of Bangladesh is very good, and that is why we have taken the decision to strengthen relations with Bangladesh.'
'Bangladesh's leadership is very good, vision is good and their commitments are very good,' commended the Saudi ministers of the brotherly country, adding that the country has a stable government and Bangladesh's economic growth is very good.
'Saudi Arabia wants to establish Bangladesh as a regional hub considering its geographical location as the country is in between South and South-East Asia. If we make it a hub, we can cover up Indonesia, Malaysia and more…,' they added.
The two ministers said they want to do here petrochemical, diesel, jet fuel, fertiliser and major distribution centres as well as shipping lines.
In reply, the Bangladesh's Prime Minister said that she has already given permission and urged them to start it immediately. Sheikh Hasina also offered Matarbari and Paira Sea ports and economic zones to Saudi Arabia for mutual benefits.
In this regard, they assured the Prime Minister of providing necessary financial and technical assistance to Bangladesh.
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