Friday, 31 October, 2025
Friday, 31 October, 2025

CA seeks robust Saudi investment in Bangladesh

Diplomatic Correspondent, dhakadiplomat.com
  28 Oct 2024, 18:19

Chief Adviser Professor Muhammad Yunus today urged Saudi Arabia to invest more in Bangladesh as he sought enhanced energy and economic cooperation to boost ties between the two friendly nations.
 
The chief adviser made the call when Saudi Ambassador to Bangladesh Essa Youssef Essa Al Duhailan paid a courtesy call on him at his office here.
 
"This is the time that Saudi Arabia can give the best support to us," Prof Yunus told the Saudi envoy, terming the relationship between the two countries 'unique' and 'separate' than other countries.
 
He called on the envoy to convey his request to the Saudi government for depositing funds in Bangladesh's central bank to boost liquidity support as part of economic cooperation, saying it will be "a wonderful gesture to the Interim Government".
 
The chief adviser also called for concessional supply of energy and petroleum products as well as enhanced trade and increased Saudi investment in the training of the Bangladeshi young people so that Dhaka can send more skilled and trained workers to the oil-rich country.
 
Ambassador Al Duhailan acknowledged the contribution of the Bangladeshi diaspora in Saudi Arabia, saying that gaining more skills would help them earn a better salary and send more remittances back home.
 
Currently, nearly 3 million Bangladeshis are employed in the kingdom, sending billions of US dollars annually.
 
The envoy said Saudi Arabia issues on average 5,000 visas to Bangladeshi migrants and Muslim pilgrims daily.
 
In 2023, about half a million Bangladeshis visited Saudi Arabia to perform umrah hajj, a 37 percent increase from the previous year.
 
Al Duhailan said his country was eager to invest more in Bangladesh and sought support from the office of the chief adviser to facilitate proposed Saudi investment in the port and logistics sectors especially in Matarbari deep seaport, and power and renewable energy sectors by Acwa Power.
 
He handed over two letters from the Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman congratulating the chief adviser on the occasion of Saudi National Day.
 
"My government wants to see stability in Bangladesh, and Inshallah is ready to support the Bangladesh government," said the Saudi ambassador.
 
He presented the chief adviser a copy of the Holy Quran and a replica of the falcon, the national bird of Saudi Arabia.
 

Comments

  • Latest
  • Popular

A business delegation of Bangladesh paid a visit to Bangladesh Embassy in Algiers

1st Bangladesh–Kuwait Political Consultation

Sixth Bangladesh-Netherlands Foreign Office Consultations Held in The Hague

EU hails 'July Charter' as milestone in Bangladesh's political transition

CA, political parties sign historic July National Charter 

National polls must be held in Feb: CA

Touhid reaffirms NAM commitment for global justice, shared prosperity

FAO DG pledges support for Bangladesh’s deep-sea fishing, fruit exports

Djibouti PM seeks CA’s advice on adopting microfinance

Brazil President Lula plans visit to Bangladesh

১০
Joint Press Statement / 1st Bangladesh–Kuwait Political Consultation
The first-ever Political Consultation between the Government of the People’s Republic of Bangladesh and the
Saudia awards top travel agents in Bangladesh
Saudia, the national flag carrier of the Kingdom of Saudi Arabia, hosted its Agents Excellence
Asif Nazrul calls Saudi Arabia to recruit more Bangladeshi workers
Expatriate Welfare and Overseas Employment Adviser Dr. Asif Nazrul has called upon Saudi Arabia to
UAE visa issuance for Bangladeshis sees progress following talks
The United Arab Emirates (UAE) today informed the government of the progress of visa issuance