Saudi Arabia companies to invest $10 billion in Bangladesh

Saudi Bangladesh

Essa Yousef Essa Alduhailan, the Saudi ambassador to Dhaka, announced that Saudi corporations intend to invest more than $10 billion in Bangladesh over the next few years. 

Speaking to reporters about the King Salman Humanitarian Aid and Relief Center’s projects in Bangladesh, he made this statement. 

He also said that well-known Saudi businesses including Aramco, Aqua Power, and Red Sea Gate would invest in a number of projects in various industries. 

The envoy declared that his nation would sign multiple memorandums of understanding (MoUs) on defence and security cooperation in an effort to fortify already-existing military ties. 

A high-level Saudi delegation will soon visit Bangladesh to discuss in detail how to increase collaboration in a variety of areas, including energy cooperation, the ambassador announced. 

Read more: Pakistan recorded 43.14% trade surplus with Bangladesh in FY22

Regarding collaboration in the labour market, he claimed that his nation employs more than 2.6 million Bangladeshis, who provide more than $3.5 billion annually. 

The ambassador stated, “From our embassy, we provide 5000 to 8000 visas to Bangladeshis every day.” 

He claimed that the King Salman Humanitarian Aid and Relief Center was founded on May 13, 2015, to promote the kingdom’s humanitarian interests abroad. 

The center’s mission is to deliver humanitarian assistance and disaster relief outside of the kingdom. The third-largest donor nation in the world is Saudi Arabia. On Thursday, a team from Saudi Arabia’s King Salman Humanitarian Aid and Relief Center is in the area to keep an eye on the current projects in Bangladesh. 

In order to provide primary healthcare for Rohingya people, the team is working in Cox’s Bazar alongside UNICEF and the Islamic Development Bank, who have been monitoring the project’s development, he added. 

The King Salman humanitarian aid and relief centre “included the voluntary medical initiative to fight blindness and its causes in Bangladesh,” he added. 

The King Salman Center’s goal for this year includes 100 initiatives under the Saudi volunteer programme to combat blindness in more than 30 countries. 

According to him, Bangladesh secured sizeable cash for seven projects, three of which have already been carried out and the others will be in the near future. 

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