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HIGH LEVEL MEETING

Bangladesh, KSA explore investment in EZs, offshore banking

UNB . Dhaka
01 Jul 2024 21:08:24 | Update: 01 Jul 2024 23:18:09
Bangladesh, KSA explore investment in EZs, offshore banking
- Courtesy Photo

Bangladesh and the Kingdom of Saudi Arabia on Monday discussed ways for increased Saudi investment in special economic zones and offshore banking systems in Bangladesh.

The issues were discussed at the second Bangladesh-Saudi Arabia Political Consultations held in Riyadh. Foreign Minister Dr Hasan Mahmud led the Bangladesh delegation.

Minister Hasan discussed with his Saudi counterpart Prince Faisal bin Farhan Al Saud wide-ranging issues of regional and global development and of bilateral, economic, manpower and energy partnership.

The high-level meeting was also attended by Advisor to the Prime Minister for Private Industry and Investment Salman F Rahman, Additional Foreign Secretary (Bilateral-East and West) and Inspector General of Missions Dr Md Nazrul Islam, Bangladesh Ambassador to the Kingdom of Saudi Arabia Md Javed Patwari, Director General (West Asia) Md Shafiqur Rahman, Director General (Foreign Minister’s Office) Md Arif Nazmul Hasan and Saudi officials.

They reviewed the entire spectrum of partnership between Bangladesh and Saudi Arabia. At the meeting, they emphasised on the Bangladesh-Saudi Arabia Joint Business Council to speed up their activities for the development of commercial relations between the two countries.

They also discussed Bangladesh's special privileges in importing oil from Saudi Arabia.

The foreign minister thanked Saudi Arabia for providing employment opportunities to 3 million Bangladeshis in the kingdom.

A productive discussion was held on bringing more transparency in the migration of Bangladeshi manpower to Saudi Arabia and forming a joint task force to stop the harassment of workers by groups with vested interest, said the Ministry of Foreign Affairs.

Foreign minister requested to provide special registration opportunities to Bangladeshi expatriates doing business in Saudi Arabia.

The Saudi foreign minister also assured cooperation regarding Rohingya repatriation.

At the meeting, both sides emphasised on the united efforts of the Muslim world to stop Israel's brutality in Gaza.

The upcoming visit of the Saudi crown prince and prime minister to Bangladesh was also discussed at the meeting.

They decided to adopt a joint action plan for proper celebration of the golden jubilee of Saudi-Bangladesh diplomatic relations next year and to elevate the meeting of Bangladesh-Saudi Arab Joint Commission to ministerial level. After the meeting, they joined a lunch hosted by the Saudi foreign minister in honour of the foreign minister of Bangladesh.

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