Saudi entrepreneurs vow to strengthen business in Bangladesh


Saudi entrepreneurs vow to strengthen business in several areas including Food, Energy, Logistics and Manufacturing with Bangladesh. They expressed keen interest during a meeting on Saudi Bangladesh Business Council hosted by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on December 6, 2023 at the hotel Le Meridian in the Capital.

The Investment Minister of the Kingdom of Saudi Arabia (KSA) H.E Engr. Khalid A. Al-Falih joined the meeting as the chief guest. While speaking, Saudi Investment Minister said, Bangladesh is one of the closest friends of Saudi Arabia. Both the countries enjoy an excellent bilateral friendship. He said, the trade relation between Bangladesh and Saudi Arabia existed in few areas, but now is the time we look for ways on how we can facilitate trade for the mutual benefit for both of the countries.

FBCCI President Mr. Mahbubul Alam said, Bangladesh enjoys excellent bilateral relations with Saudi Arabia. Bangladesh has emerged as a role model for developing countries and has become one of the fastest growing economies with consistent GDP growth of 6.03% in 2023. We have had a competitive manufacturing sector and resilient socio-economic progress. By 2040, Bangladesh is estimated to be a trillion-dollar economy, driven by consumer optimism, innovation and a young engaged workforce. FBCCI President urged the Saudi government for utilizing the competent young workforce of Bangladesh and their skills by providing them job opportunities in KSA.

Prime Minister’s Private Industry and Investment Advisor Mr. Salman F. Rahman, Deputy Minister for Investors Outreach of KSA H.E. Mr. Badr I. AlBadr spoke at the meeting, among others.

Among others, Chairman of the Saudi Bangladesh Business Council Mr. Ayad Al Amri, Ambassador of KSA in Bangladesh H.E. Mr. Essa bin Yousef Al Duhailan, FBCCI Vice President Mr. Khairul Huda Chopol, Dr. Joshoda Jibon Deb Nath, Mr. Rashedul Hossain Chowdhury (Ronni), Mr. Md. Munir Hossain, Directors, and Business Dignitaries from Bangladesh and Saudi Arabia were present at the business council meeting.

Earlier, FBCCI hosted a welcome dinner in honour of the visiting delegation of Saudi Arabia on Tuesday Night (December 5, 2023) at the same hotel.