PM offers land for Saudi investors in Bangladesh’s economic zone

GBNEWS24DESK//

Prime Minister Sheikh Hasina today offered land for increased investment from Saudi Arabia in the country’s Special Economic Zone (SEZ).

She also invited Saudi Arabia to set up an oil refinery in Bangladesh where all kinds of oil including crude can be refined.

The premier made the offers when a nine-member delegation led by visiting Saudi Minister of Commerce Dr Majeed bin Abdullah Alkussabi met her at Gono Bhaban in Dhaka this evening.

PM’s Press Secretary Ihsanul Karim briefed reporters after the meeting.

During the meeting, the PM discussed with the Saudi minister about the enhancement of businesses of both the countries for mutual interest.

The Saudi minister said key investors of his country are keen to invest in Bangladesh, particularly in renewable energy sector, according to the press secretary.

In this context, he urged the prime minister to ease the investment process in Bangladesh by addressing the bureaucratic delays.

The prime minister, in reply, said she has already asked the officials concerned to take required measures to simplify and quicken the investment process, said the press secretary.

The premier also said there are huge markets in the neighbouring countries, adding that her government has been working to ease the transportation of goods by setting up connectivity on all the modes, including the waterways.

She said the government has taken measures in dredging the rivers to enhance their navigability through the waterways.

Her government wants to build an Arabic Language Institute to facilitate Bangladeshi workers to know the language well before going to Saudi Arabia so that they can easily communicate with Arabic speaking people, she further said.

She said her country is eagerly waiting to receive the KSA Crown Prince when the Saudi minister said their Crown Prince is interested to visit Bangladesh.