Bangladesh signs MoU with Saudi Arabia


Prime Minister Sheikh Hasina has a modernistic approach towards businesses, which is essential for foreign direct investment, Salman F Rahman

Adequate reforms have been introduced in the field of foreign investment in Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina.

“She has a modernistic approach towards businesses, which is essential for foreign direct investment,” Salman F Rahman, Private Industry and Investment adviser to the Prime Minister, said on the occasion of the signing of a Memorandum of Understanding (MoU) in Saudi Arabia.
Today, Bangladesh is considered as an ideal destination for foreign investment. All-out cooperation will be extended to any Saudi company if it expresses its interest in investing in Bangladesh and wants priority and fast-track services,” he added.

The MoU on public-private partnership was signed between Bangladesh and the Kingdom of Saudi Arabia on Thursday with a view to enhancing Saudi investment in Bangladesh.

The MoU was signed at a function at the plenary hall of King Abdul Aziz International Conference Centre during the ongoing Future Investment Initiative in Riyadh.

KSA’s Investment Minister Khalid Al-Falih and Salman F Rahman signed the MoU regarding the public-private partnership on behalf of their respective sides
Ambassador of Bangladesh to the Kingdom of Saudi Arabia Dr Mohammad Jabed Patwari was present on the occasion.

Salman F Rahman told the media that the MoU would boost Saudi investment in various sectors, including infrastructure, health and tourism in Bangladesh.

He urged Saudi businesses to invest more in Bangladesh since a very investment-friendly climate had been prevailing in the country in the last and ongoing decade.

Earlier on September 19, Salman F Rahman urged Saudi minister Khalid Al-Falih for a signing of the MoU on Public-Private Partnership to increase the flow of investment in Bangladesh during a meeting.

At the time, Falih had assured the adviser of undertaking speedy measures for signing the MoU within the shortest possible period.

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