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Saudi Arabia Offers Major Investments in Bangladesh

Saudi Arabia has offered to make large-scale investments in various sectors of Bangladesh, citing the country’s stable government and economic growth. During a meeting with Prime Minister Sheikh Hasina, Saudi Arabian Minister of Investment Khalid A. Al-Faliah and Minister of Economy and Planning Faisal Alibrahim expressed their interest in strengthening relations with Bangladesh. They highlighted Bangladesh’s stability, economic growth, leadership, vision, and commitments. Saudi Arabia has proposed projects such as developing the Patenga port and establishing distribution centers for petrochemicals, fuel, and fertilizer. They also aim to make Patenga a gateway to the Red Sea. Prime Minister Hasina granted permission and offered Matarbari and Payra Sea ports and economic zones. Saudi Arabia intends to cooperate in sectors like agriculture and expressed appreciation for Bangladesh’s RMG sector. The visit signifies Saudi Arabia’s confidence in Bangladesh’s potential for investment and collaboration.

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