22 Saudi companies to explore investment opportunities in Bangladesh

Saudi Arabian Investment Minister Khalid al-Falih will lead a delegation of 22 companies to explore the investment opportunities in Bangladesh.

The delegation, which includes Saudi state-owned major gas-producing company, Aramco, is expected to visit here after Ramadan.

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Saudi Ambassador to Bangladesh, Essa Yussef Essa Al Dulaihan, said this at a press conference held at the embassy on the occasion of distributing food and dates on behalf of Saudi King Salman bin Abdulaziz Al Saud today.

Essa Yussef Essa Al Dulaihan said the bilateral relations between Bangladesh and Saudi Arabia have reached a new height in the last five years.

He mentioned that Saudi Transport Minister visited Bangladesh in December last year and Saudi Foreign Minister visited this month. After Ramadan, Saudi Investment Minister Khalid al-Falih is coming.

The Saudi envoy said Bangladesh is a new area of investment for Saudi investors. The areas of investment include infrastructure, shipbuilding, power plant, gas exploration, renewable energy, pharmaceuticals, petrochemicals and light engineering.

He stressed removing any and all barriers that hinder foreign investment.

When asked about Hajj, he said this ritual is still not open because of the coronavirus pandemic but will be open as the virus risk has come to an acceptable level.

Dulaihan said procedures of 50 percent of all visas for the Bangladeshis were completed in Bangladesh in 2019, and it is expected that visas for 100 percent of Bangladeshis will be completed in Bangladesh next time when the Hajj is reopened for them.