Strategic investments to drive new chapter in Bangladesh-Saudi ties: Saudi envoy
"Bangladesh offers one of the most dynamic investment destinations in South Asia, with a market of more than 170 million people and a strategic location connecting South and Southeast Asia," said the Ambassador in an exclusive interview with UNB.
Saudi Ambassador to Bangladesh Abdullah Zafer H bin Abiyah has said they expect greater emphasis on strategic investments, industrial partnerships and technology transfer, noting that the next five years could represent a "transformative phase" in Bangladesh-Saudi economic relations.
"Bangladesh offers one of the most dynamic investment destinations in South Asia, with a market of more than 170 million people and a strategic location connecting South and Southeast Asia," he said in an interview with the news agency.
Traditionally, the partnership has been driven by manpower cooperation and energy trade.
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Particularly promising sectors include energy infrastructure, LNG, oil refining, healthcare services, pharmaceuticals, and food security initiatives, the envoy said.
He said recent financing and energy cooperation initiatives demonstrate the strong potential for expanding economic collaboration.
"Our shared objective should be to elevate economic relations to a level that matches the strength of our political and people-to-people ties," he said while responding to a question.
He said they see significant opportunities for Saudi investment in energy, petrochemicals, oil refining, logistics, ports, special economic zones, renewable energy, agriculture, food processing, healthcare, pharmaceuticals, information technology, and infrastructure development.
Bangladesh has maintained strong economic growth over the past decade and continues to implement investment-friendly reforms, said the Saudi ambassador.
