The Bangladesh government has allocated 300 acres of land to Saudi companies in Bangabandhu EPZ.
Saudi Ambassador to Bangladesh Essa bin Yousef Al Duhailan said this while addressing a function organised to observe the 92nd National Day of Saudi Arabia.
Referring to the growing economic ties between the two countries, the envoy said that a number of Saudi companies are lined up to invest in several mega projects in Bangladesh.
Over the years, the cooperation between the two countries has been consolidated through investment, trade programmes, education, culture, aid and defense sectors, he said.
Bangladesh was the first country to join the Islamic alliance in the fight against terrorism, he said, adding that it resulted from the collaborative efforts and policies of the leaders of the two countries.
The Saudi envoy noted that the people of Saudi Arabia are extremely appreciative of the enormous contribution made by the Bangladeshi labour force to the kingdom's growth.
He also felt that around 2.6 million expatriates greatly contribute to the expansion of Bangladesh's economy through the massive amount of remittance they send home with the assistance of the Saudi embassy and with the support of traditional government facilities.
He said that he has initiated a drive to simplify visa issuing procedures in his embassy for Bangladeshis and now the embassy is processing more than 4,000 visas.
He also mentioned that the process for performing Hajj has been simplified from this year with the presence of the Saudi immigration officials in Dhaka.
Saudi Arabia is one of the top donors to humanitarian causes across the world including Bangladesh, the envoy added.