Bangladesh is planning to set up a urea fertilizer factory in the Kingdom of Saudi Arabia (KSA) through joint-venture investment, reports UNB.
The information was revealed at a meeting between Prime Minister's Private Sector Industry and Investment Adviser Salman F Rahman and Saudi Commerce and Media Minister Majid bin Abdullah Al Qasabi at Saudi Arabia on Tuesday.
During the meeting, they discussed various bilateral issues, including trade and investment and setting up fertilizer factory in the KSA.
According to a press release on Wednesday, Salman F Rahman urged the Saudi minister to support the initiative of setting up urea fertilizer factory in Saudi Arabia.
He also sought assistance for ensuring duty-free entry of 213 products from Bangladesh into Saudi Arabia.
In his speech, Majid bin Abdullah Al Qasabi assured Salman F Rahman to provide all sorts of support to Bangladesh in setting up the Urea fertilizer factory and duty-free access into Saudi Arabia.
After the meeting, Salman F Rahman met Chief Executive Officer (CEO) of the Saudi Basic Industries Corporation (SABIC) Abdul Rahman Al-Fagi.
During the meeting, a concept note of the proposed JV fertilizer factory was presented.
Abdul Rahman Al-Fagi welcomed the concept note and gave consent to take next steps to this end, added the release.
Bd-pratidin English/Golam Rosul
