Published: 05:21 PM, 07 March 2019
Bangladesh, Saudi Arabia sign six deals
Bangladesh and Saudi Arab have signed two investment agreements and four memoranda of understanding on different sectors, including electricity, railways, electronics and aeronautics.
The deals were signed between representatives of several local companies and organisations of Bangladesh and visiting Saudi officials in the presence of Prime Minister Sheikh Hasina at her offices in Dhaka on Thursday.
Before signing the deals, Majid Bin Abdullah Al Qosaibi, the Saudi minister for commerce and investment, and Minister of Economy and Planning Mohammed bin Mezyed Altwaijri, met the prime minister.
“In the meeting, Commerce and Investment Minister Qosaibi said that Saudi King was interested in the progress of economic relations with Bangladesh,” PM's Press Secretary Ihsanul Karim told reporters after the meeting.
A 34-member Saudi delegation led by the two ministers arrived in Dhaka on Wednesday night.
On the day before the arrival of the Saudi team, Kazi M Aminul Islam, executive chairman of Bangladesh Investment Development Authority or BIDA, said the government was expecting $15 billion in investments from the kingdom in at least 16 different projects.
Riyadh-based Alfanar Company and Electricity Generation Company of Bangladesh, or EGCB, signed an agreement to build a 100 MW solar power plant in Feni.
Bangladesh’s state-owned General Electric Manufacturing Company Ltd signed a deal with Saudi company Engineering Dimensions to produce transformers and electricity devices.
