Political stability and good incentives encourage Saudi companies to invest in Bangladesh: Saudi envoy

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The Ambassador of the Kingdom of Saudi Arabia (Saudi Arabia) to Bangladesh, Essa bin Yousef Al Duhailan, said that Saudi companies have expressed their desire to invest in Bangladesh in various sectors due to peace, political stability , rules and good incentives.

“This will help take the strong bilateral relationship to a new level and help the government of Bangladesh achieve its vision of reaching the list of developing countries by 2026,” he said.

As a brother country of Bangladesh, the envoy said, Saudi Arabia will always stand with Bangladesh in various aspects to realize its dream towards the development of the South Asian country.

Relations between Saudi Arabia and Bangladesh have been strengthened following Prime Minister Sheikh Hasina’s visit to the Kingdom in 2016 and his meeting with Saudi Arabia’s King Salman Bin Abdul Aziz Al Saud, as well as frequent high-level visits. level of a number of Bangladeshi personalities. officials in Saudi Arabia and vice versa, the ambassador said in a message marking the 92nd Saudi National Day on September 23.

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

Saudi Arabia always stands by Bangladesh to help it, especially in times of hardship, the envoy said.

The Bangladeshi nation, in love with the Islamic religion, also attaches great importance to the Kingdom of Saudi Arabia, in recognition of the help it has given to it in improving the standard of living and achieving the social and economic development of the country, did he declare.

On the other hand, a large number of Bangladeshis – around 2.6 million – work in different sectors in the Kingdom, which is recognized as the largest labor market in the world.

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

The Kingdom has a great contribution to improving the standard of living of all the inhabitants of this country, the ambassador said.

There are many districts in Bangladesh located on the coastal areas, which face natural disasters, floods and cyclones every year, the envoy said.

The Kingdom is recognized as a leading country that always reaches out to cooperate and help Bangladesh whenever it is hit by disasters, he said.

The Ambassador mentioned that his country has provided assistance to Bangladesh for the financing of different projects, such as the construction of houses, schools, mosques, orphanages and shelters for the protection against natural disasters, as well as as the construction of hospitals, bridges and power stations.

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