Finance Minister AHM Mustafa Kamal on Monday sought more Saudi Arabian investment in Bangladesh, saying the country has a good investment-friendly atmosphere compared to other South Asian nations.
During a meeting with Saudi Ambassador to Bangladesh Abdullah HM Al Mutairi at his office in Agargaon, Kamal said bilateral relations between the two nations have grown vastly in recent years.
“Bangladesh has obtained 7.86 percent GDP growth in the current year and we are expecting to achieve 8.25 percent in 2020,” he said, noting that the country has low labour cost, charges less for setting up business and offers easy access to markets.
“There’s a good chance to get huge profit after investing here,” he said. “There are many sectors, including electricity, solar power, energy, telecommunication, petrochemical, medicine, ship building and agriculture for investment in the country.”
During the meeting, Saudi Ambassador Al Mutairi praised the socio-economic development of the country.
“Many Bangladeshi people get Saudi Arabian visas,” he said. “The country gave 8,300 workers’ visas, 80,000 for Umrah and 1,28,000 for hajj pilgrims this year.”
A high-level delegation, led by the commerce and investment affairs ministers of Saudi Arabia, is expected to visit Bangladesh on March 7, he added.