Bangladesh, Saudi Arabia emphasize increasing Saudi investment

Dhaka and Riyadh emphasized boosting Saudi investment in Bangladesh during the second round of political consultations between the two countries held in Saudi Arabian capital.

Bangladesh Foreign Minister Dr. Hasan Mahmud and his Saudi Arabian counterpart, Prince Faisal bin Farhan, led their respective delegations during the consultation meeting, a foreign ministry's press release said.

The discussions focused on enhancing Saudi investment in Bangladesh's special economic zones and exploring opportunities for Saudi Arabian funds to be deposited in Bangladesh's offshore accounts.

Both the leaders underscored the necessity of energizing the activities of the Bangladesh-Saudi Arabia Joint Business Council (JBC) to boost commercial relations between the two nations.

Prime Minister's Private Industry and Investment Adviser Salman F. Rahman, Bangladesh Ambassador to Saudi Arabia Dr. Mohammad Javed Patwary, Additional Foreign Secretary Dr. Md. Nazrul Islam, Foreign Ministry's Director General (West Asia) Md. Shafiqur Rahman, and Director General (FMO) Md. Arif Nazmul Hasan, as well as Saudi officials, were present at the meeting.

The two foreign ministers also discussed special privileges for Bangladesh in importing oil from Saudi Arabia.