Dhaka, Riyadh ink MoU on PPP

Published : 29 Oct 2021 09:05 PM | Updated : 01 Nov 2021 11:04 AM

A memorandum of understanding (MoU) on public-private partnership was signed between Bangladesh and the Kingdom of Saudi Arabia on Thursday with a view to enhancing Saudi investment in Bangladesh.

The MoU was signed at a function at the plenary hall of King Abdul Aziz International Conference Centre in Riyadh on Thursday morning (KSA Standard time) during the ongoing Future Investment Initiative in Riyadh.

Salman F Rahman, the visiting Private Industry and Investment Adviser to Bangladesh Prime Minister and KSA's Investment Minister Khalid Al-Falih signed the MoU regarding the public-private partnership on behalf of their respective sides.

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Bangladesh Ambassador to the Kingdom of Saudi Arabia Dr Mohammad Jabed Patwari was present.

Salman F Rahman said the MoU would boost the Saudi investment in various sectors including infrastructure, health and tourism of Bangladesh while talking to different international news mediaincluding The Sky News, The Bloomberg, The Arab News, The Saudi Press Agency in an interview after the signing ceremony.

He urged the Saudi businessmen to invest more in Bangladesh since a very investment-friendly climate has been prevailing in the country for the last era.

Mentioning the models of foreign investment in Bangladesh, Rahman said adequate reforms have been introduced in the field of foreign investment in Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina.

She has a modernistic approach towards businesses which is essential for foreign direct investment, he said.

The PM's adviser said now Bangladesh has been considered as an ideal destination for foreign investment.

All out cooperation will be extended to any Saudi company if it expresses its interest for investment in Bangladesh and wishes for priority and fast-track services, he added.

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