Bangladesh offers huge investment opportunities to Saudi companies
- Date: 31-Oct-2021
- Source: Arab News
- Sector:Economy
- Country:Saudi Arabia
Bangladesh offers huge investment opportunities to Saudi companies
RIYADH:Â A top Bangladeshi official has said Saudi Arabia and Bangladesh are set to sign a memorandum of understanding that will open up a lot of investment opportunities for both the countries. The MoU seeks to attract Saudi companies who wish to invest in Bangladeshâs large infrastructure projects, said Salman F. Rahman, private industry and investment adviser to prime minister. Talking to Arab News on the sidelines of the Future Investment Initiative conference held in Riyadh, the official expressed his countryâs desire to boost trade and investment ties with Saudi Arabia. âBangladesh wanted to sign the deal for quite some time but it got delayed due to the pandemic,â Rahman said. âIn Bangladesh, we have the Public Private Partnership Authority, which is a government agency that looks after public-private projects, mainly infrastructure projects.â Development projects in other sectors also come under the purview of the authority, he said. Rahman also said that his country has signed several memorandums of understanding with other countries to increase cooperation and investment in different sectors. Last year, a Saudi delegation visited Dhaka to take part in a two-day Joint Economic Council meeting during which some of the Kingdomâs top companies expressed interest in investing