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The Financial Express

Bangladesh seeks Saudi investment in PPP projects

| Updated: March 08, 2021 22:22:01


Bangladesh seeks Saudi investment in PPP projects

Bangladesh has urged Saudi Arabia to sign memorandum of understanding (MoU) for further enabling Saudi investors to invest in public-private partnership (PPA) projects in Bangladesh.

State Minister for Foreign Affairs M Shahriar Alam made the proposal during a bilateral meeting with his Saudi counterpart Adel Al-Jubeir in Riyadh on Sunday, reports BSS citing a press release issued by foreign ministry of Bangladesh on Monday.

In reply, the Saudi junior minister said that they would soon sort out the MoU issue regarding PPP. He also expresses his hope that potential Saudi Arabian companies would invest in a vibrant economy like Bangladesh.

Alam expressed Bangladesh’s deep gratitude to the Saudi King and Crown Prince for allowing all the foreign residents including Bangladeshi nationals irrespective of their legal status for access to free COVID-19 treatment and inoculation.

Upon a request made by Alam, Saudi state minister Jubeir assured of considering and interim arrangement for the irregular Bangladesh expatriates to have access health facilities and employment.

Both the state ministers agreed to expedite the pending agreements and MoUs and to hold first Foreign Office Consultation where the whole gamut of bilateral relationship could be discussed.

Alam mentioned that under the visionary leadership of both countries, the relations have elevated to a strategic level.

For advancing from this point, he emphasized on exploring further avenues of cooperation on international issues based on common interest and goals and economic ties.

The state minister put stressed on regular business-to-business dialogue to explore bilateral trade and investment opportunities in Bangladesh.

Alam also reiterated Bangladesh government’s unwavering support to the Saudi side and expressed solidarity condemning the recent cowardly attacks Houthis.

Adel Al-Jubeir appreciated Bangladesh’s position on the Yemen issue.

The Saudi state minister congratulated Bangladesh on the occasion of its 50th anniversary of independence.

He highly praised the remarkable sustained economic growth of Bangladesh carried out in last one decade under the able leadership of Prime Minister Sheikh Hasina.

He continued the recent UN decision to graduate Bangladesh from LDC category to the middle-income country is a testimony of this success.

He fondly remembered the historic ties between this two countries and the valued contribution of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman to its independence and laying foundation of Golden Bengal.

Early in the morning, Shahriar Alam laid a wreath at the portrait of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and attended a webinar to mark the historic March 7.

In the evening, he attended another international webinar on ‘historic 7th March speech by Bangabandhu focusing on historical and political perspective’.

Shahriar Alam is now in Saudi Arabia on a three-day official visit.

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