Bangladesh is increasing drawing attention from Saudi businessmen and investors who are keen on investing here, said Foreign Affairs Adviser Md Touhid Hossain.
Leading Saudi companies like ACWA Power and SABIC are exploring opportunities in the renewable energy, logistics and infrastructure sectors, the adviser told a programme organised by the Saudi Embassy to mark the 94th national day of the country on Sunday evening.
The recent investment initiative by Red Sea Gateway Terminal in the operation of Potenga Container Terminal is a case in point to showcase Kingdom's commitment to developing Bangladesh's logistical capacities in the port sector, he said.
Simultaneously, Bangladeshi businesses are eager to engage in sectors like pharmaceuticals and fertilizers in Saudi Arabia.
"As Bangladesh rapidly develops, we invite our Saudi partners to explore the immense potential within our Special Economic Zones, offering significant opportunities in infrastructure, power, tourism, and hospitality," the Adviser told his audience.
He also said Bangladesh is eagerly anticipating the upcoming visit of Saudi Crown Prince Mohammed bin Salman to Bangladesh.
This event promises to further enhance the momentum of bilateral relations.
The adviser appreciates that Saudi Arabia has been a steadfast partner in Bangladesh's development journey.
He also expressed deep gratitude for the Kingdom for employing around 3.0 million of Bangladeshi workers, both semi-skilled and unskilled.
He also pointed out that the proposal for establishing a Joint Task Force on labour issues reflects the shared commitment to safeguarding the rights and welfare of workers, a testament to common values of social justice.
The two-way trade has exceeded $2.0 billion annually in recent years, he mentions.
Addressing the programme, Saudi Ambassador Essa Yousef Essa Al Duhailan said the relationship between Saudi Arabia and Bangladesh is characterized by deep brotherhood and mutual respect, rooted in shared religion and cultural values.
"Over the decades, this bond has strengthened as both countries collaborate in various fields, including trade, investment, sports, and culture. Saudi Arabia's multifaceted leadership encompasses in Hajj & Umrah, Man power, and humanitarian aid."
Currently, Saudi Arabia hosts over 3.2 million Bangladeshi migrant workers, making them the largest expatriate community outside Bangladesh, said the envoy.
"Their contributions have a significant impact on both economies; last year alone, we issued more than 1 million visas, and we continue to welcome more".
He also announced that this year, his country successfully organised Hajj for over 85,000 Bangladeshi pilgrims through the Makkah Route Initiative.
Additionally, this year's Umrah quota has increased by 37 per cent, and "we have made it easier for pilgrims to book through the mobile app Nusuk".
"As a brotherly nation, Saudi Arabia has consistently stood by Bangladesh in times of need and will continue to extend its support and collaboration to achieve shared goals, ensuring a bright and prosperous future for both our countries as we work together towards our leadership aspirations".
He mentioned that through the visionary Vision 2030, led by HRH Crown Prince and Prime Minister, Prince Mohammad bin Salman, his country is on the way to achieve not only high economic growth but also significant social and cultural change, fostering sustainable development, innovation, and global leadership.
[email protected]
