Publish: 17:41, 23 Sep, 2022

‘Political stability, good incentives attract Saudi companies to invest in Bangladesh’

Online Desk
‘Political stability, good incentives attract Saudi companies to invest in Bangladesh’
সংগৃহীত ছবি

Ambassador of the Kingdom of Saudi Arabia (KSA) to Bangladesh Essa bin Yousef Al Duhailan has said Saudi companies have expressed their eagerness to invest in Bangladesh in various sectors because of peace, political stability, rules-regulations and good incentives, reports UNB.

"This will help take the strong bilateral relationship to a new height as well as assist Bangladesh government to fulfill its vision of reaching the list developing country by 2026," he said.

As a brotherly country of Bangladesh, the envoy said, Saudi Arabia will always be beside Bangladesh in various aspects in order to make its dream come true towards the development of the South Asian country.

The Saudi-Bangladesh relations witnessed more strength after the visit of Prime Minister Sheikh Hasina to the Kingdom in 2016 and meeting with the King of Saudi Arabia Salman Bin Abdul Aziz Al Saud, as well as frequent high-level visits by a number of Bangladeshi high officials to Saudi Arabia and vise-versa, said the ambassador in a message marking the 92nd Saudi National Day on September 23.

He said the Saudi-Bangladesh relations are deep rooted and excellent based on strong foundation of religious, cultural, economic and humanitarian ties.

Saudi Arabia always stands beside Bangladesh helping it, especially in the time of hardship, the envoy said.

The Bangladeshi nation, the lover of Islamic religion also gives great importance to the Kingdom of Saudi Arabia, in recognition of its helps extended to them to improve the living standards and achieving the social and economic development of the country, he said.

On the other hand, huge numbers of Bangladeshi - around 2.6 million - are working in different sectors in the Kingdom, which is recognized as the greatest labour market in the world.

More than USD 3.5 billion remittance is sent by Bangladeshi workers from Saudi Arabia every year.

The Kingdom has a great contribution to betterment of the living standards of all people of this country, said the ambassador.

Bd-pratidin English/Tanvir Raihan

More News
US backs interim govt efforts to chart democratic path: New envoy
US backs interim govt efforts to chart democratic path: New envoy
Court orders seizure of tax records of Nowfel
Court orders seizure of tax records of Nowfel
‘Ziaur Rahman's name in hearts of Bangladesh's people and can’t be erased’
‘Ziaur Rahman's name in hearts of Bangladesh's people and can’t be erased’
Chief Adviser to visit 'Aynaghor' soon
Chief Adviser to visit 'Aynaghor' soon
Expats send $1.20 billion remittance in 18 days of January
Expats send $1.20 billion remittance in 18 days of January
2 police officers suspended over misconduct
2 police officers suspended over misconduct
Don’t let Infiltrators enter BNP: Tarique Rahman
Don’t let Infiltrators enter BNP: Tarique Rahman
Australia to continue support for Bangladesh's reform initiatives
Australia to continue support for Bangladesh's reform initiatives
National poet's grandson Babul Kazi passes away
National poet's grandson Babul Kazi passes away
President urges journalists to foster non-discriminatory, democratic Bangladesh by embodying spirit of mass uprising
President urges journalists to foster non-discriminatory, democratic Bangladesh by embodying spirit of mass uprising
BNP wants to see an elected government: Major Hafiz
BNP wants to see an elected government: Major Hafiz
MBBS admission test results for 2024-25 published, 45.62% pass
MBBS admission test results for 2024-25 published, 45.62% pass
Latest News
9-yr old Ryan from Bangladesh beats World No.1 Carlsen in ‘bullet chess’
9-yr old Ryan from Bangladesh beats World No.1 Carlsen in ‘bullet chess’
42 minutes ago | Sports
US backs interim govt efforts to chart democratic path: New envoy
US backs interim govt efforts to chart democratic path: New envoy
1 hour ago | National
Court orders seizure of tax records of Nowfel
Court orders seizure of tax records of Nowfel
1 hour ago | National
‘Ziaur Rahman's name in hearts of Bangladesh's people and can’t be erased’
‘Ziaur Rahman's name in hearts of Bangladesh's people and can’t be erased’
1 hour ago | National
First aid trucks enter Gaza Strip after ceasefire begins
First aid trucks enter Gaza Strip after ceasefire begins
2 hours ago | International
Auto financing in Pakistan rises amid interest rate cuts
Auto financing in Pakistan rises amid interest rate cuts
2 hours ago | Business
Chief Adviser to visit 'Aynaghor' soon
Chief Adviser to visit 'Aynaghor' soon
2 hours ago | National
Expats send $1.20 billion remittance in 18 days of January
Expats send $1.20 billion remittance in 18 days of January
2 hours ago | National
2 police officers suspended over misconduct
2 police officers suspended over misconduct
2 hours ago | National
Don’t let Infiltrators enter BNP: Tarique Rahman
Don’t let Infiltrators enter BNP: Tarique Rahman
3 hours ago | National
Australia to continue support for Bangladesh's reform initiatives
Australia to continue support for Bangladesh's reform initiatives
3 hours ago | National
National poet's grandson Babul Kazi passes away
National poet's grandson Babul Kazi passes away
3 hours ago | National
‘Gaza ceasefire deal ‘biggest defeat’ for Israel’
‘Gaza ceasefire deal ‘biggest defeat’ for Israel’
3 hours ago | International
Financial activities of women will boost their social status: Governor
Financial activities of women will boost their social status: Governor
4 hours ago | Business
President urges journalists to foster non-discriminatory, democratic Bangladesh by embodying spirit of mass uprising
President urges journalists to foster non-discriminatory, democratic Bangladesh by embodying spirit of mass uprising
5 hours ago | National
US warplanes target Yemen’s Sana’a
US warplanes target Yemen’s Sana’a
5 hours ago | International
BNP wants to see an elected government: Major Hafiz
BNP wants to see an elected government: Major Hafiz
5 hours ago | National
The magic moment in meditation
The magic moment in meditation
5 hours ago | Lifestyle
Kenya sends more troops to Haiti to confront gang violence
Kenya sends more troops to Haiti to confront gang violence
5 hours ago | International
BIDA unveils master plan for attracting FDI
BIDA unveils master plan for attracting FDI
6 hours ago | Business
MBBS admission test results for 2024-25 published, 45.62% pass
MBBS admission test results for 2024-25 published, 45.62% pass
6 hours ago | National
BNP’s 17-year movement cannot be removed from history: Mintoo
BNP’s 17-year movement cannot be removed from history: Mintoo
6 hours ago | National
BDR Mutiny: Bail granted to over 200 accused in explosives case
BDR Mutiny: Bail granted to over 200 accused in explosives case
6 hours ago | National
Israel-Hamas ceasefire takes effect
Israel-Hamas ceasefire takes effect
6 hours ago | International
Russian envoy reaffirms support for Dhaka-Moscow tie
Russian envoy reaffirms support for Dhaka-Moscow tie
6 hours ago | National
Bashir stresses enforcement of Consumer Rights Protection Act
Bashir stresses enforcement of Consumer Rights Protection Act
6 hours ago | Business
5 iconic roles that highlight Shahid Kapoor's versatility in Bollywood
5 iconic roles that highlight Shahid Kapoor's versatility in Bollywood
7 hours ago | Entertainment
Court scrapes ex-NBR member Matiur's wife Laila's bail plea
Court scrapes ex-NBR member Matiur's wife Laila's bail plea
7 hours ago | City
British barrister advised Hasina on silencing journos
British barrister advised Hasina on silencing journos
7 hours ago | National
OpenAI's 'o3-mini' AI model to launch within weeks, confirms CEO
OpenAI's 'o3-mini' AI model to launch within weeks, confirms CEO
7 hours ago | Tech
Most Read
Hasina’s trial a priority for interim govt
Hasina’s trial a priority for interim govt
9 hours ago | National
MBBS admission test results for 2024-25 published, 45.62% pass
MBBS admission test results for 2024-25 published, 45.62% pass
6 hours ago | National
OpenAI's 'o3-mini' AI model to launch within weeks, confirms CEO
OpenAI's 'o3-mini' AI model to launch within weeks, confirms CEO
7 hours ago | Tech
Fears of collapse in the export sector
Fears of collapse in the export sector
14 hours ago | Special
The July Uprising and the legacy of martyred Zia's Bangladesh
The July Uprising and the legacy of martyred Zia's Bangladesh
10 hours ago | Special
Bubli’s ‘Pinik’ mystery
Bubli’s ‘Pinik’ mystery
10 hours ago | Entertainment
Investors on brink
Investors on brink
11 hours ago | Special
Boost immunity and health with vitamin C-rich amla juice
Boost immunity and health with vitamin C-rich amla juice
9 hours ago | Lifestyle
Fuel truck explosion in central Nigeria claims at least 70 lives
Fuel truck explosion in central Nigeria claims at least 70 lives
14 hours ago | International
"Life stories of young people are incredibly inspiring"
"Life stories of young people are incredibly inspiring"
12 hours ago | National
Voter list update starts Monday, election preparations begin: CEC
Voter list update starts Monday, election preparations begin: CEC
11 hours ago | National
Tetulia records season's second lowest temperature at 7.9°C
Tetulia records season's second lowest temperature at 7.9°C
10 hours ago | City
Reforms: Proposal to repeal multi-seat candidacy
Reforms: Proposal to repeal multi-seat candidacy
9 hours ago | National
BDR Mutiny: Bail granted to over 200 accused in explosives case
BDR Mutiny: Bail granted to over 200 accused in explosives case
6 hours ago | National
Home Adviser vows to protect border
Home Adviser vows to protect border
8 hours ago | National
Messi scores goal as Inter Miami opens preseason play win
Messi scores goal as Inter Miami opens preseason play win
11 hours ago | Sports
Joy, fear as displaced Palestinians pack up to return home
Joy, fear as displaced Palestinians pack up to return home
15 hours ago | International
Ghee vs Mustard Oil: Which is the better cooking fat?
Ghee vs Mustard Oil: Which is the better cooking fat?
8 hours ago | Lifestyle
Experts call for comprehensive reforms to address nation's economic challenges
Experts call for comprehensive reforms to address nation's economic challenges
13 hours ago | Business
‘You don’t want to sign up for a tournament and then sit on the bench’
‘You don’t want to sign up for a tournament and then sit on the bench’
8 hours ago | Sports
Bashir for proper enforcement of Consumer Rights Protection Act
Bashir for proper enforcement of Consumer Rights Protection Act
9 hours ago | National
'Reforms & election can go hand-in-hand'
'Reforms & election can go hand-in-hand'
10 hours ago | National
89th birth anniversary of Ziaur Rahman today
89th birth anniversary of Ziaur Rahman today
14 hours ago | National
TikTok goes dark in the US
TikTok goes dark in the US
12 hours ago | Tech
Death toll in new fighting with Colombia's ELN rebels rises to 60
Death toll in new fighting with Colombia's ELN rebels rises to 60
8 hours ago | International
310 students commit suicide in one year
310 students commit suicide in one year
12 hours ago | National
British barrister advised Hasina on silencing journos
British barrister advised Hasina on silencing journos
7 hours ago | National
Trump plans 90-day TikTok ban delay ahead of inauguration
Trump plans 90-day TikTok ban delay ahead of inauguration
13 hours ago | Tech
Gaza ceasefire won’t start until Hamas gives captives list: Netanyahu
Gaza ceasefire won’t start until Hamas gives captives list: Netanyahu
11 hours ago | International
BNP pays homage to Zia on his birth anniversary
BNP pays homage to Zia on his birth anniversary
10 hours ago | National