Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Thursday, July 19, 2018 06:22:00 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Saudi businessmen to invest in SEZ

MoU signed to establish 40-100 MW Solar Power Project

 MoU signed to establish 40-100 MW Solar Power Project
photo by

By
07th-Dec-2017       
Comments
Share your thought
Post a comment »
Read all () »

Economic Reporter :
Commerce Minister Tofail Ahmed on Wednesday invited Saudi Arabian businessmen to invest in special economic zone taking the opportunity of Bangladesh's investment friendly facilities.
He made the call at a business meeting with the visiting 21-member high level business delegation of Saudi Arabia in a city hotel organized by the FBCCI.
Citing the initiative of the Prime Minister of developing 100 Special Economic Zones (SEZs) in the country, the commerce minister said: "Saudi Arabian businessmen could invest here as Bangladesh government is offering special facilities to the foreign investors."
He said foreign entrepreneurs are getting cent percent investment opportunity in Bangladesh. "Foreign investors could bring back their investment with profit any time and the government has secured the investment by law."
Under the 7th five year plan, Tofail said, the government has taken special initiative to increase the export items along with expanding export market.
The commerce minister noted bilateral trade is remained stagnant at $ 800 million, but it could be boosted further if businessmen of both the countries make steps forward.
FBCCI leaders, members of business delegation and high officials, among others, also spoke on the occasion with FBCCI President Shafiul Islam Mahiuddin in the chair.
First Vice President of FBCCI Sheikh Fazle Fahim, Vice President Mr. Md. Muntakim Ashraf and the Directors attended.
Moshabab Abdulla Alkahtani, President of International Marketing Investment Company Group Ltd. led the 21 member high-powered Saudi delegation comprising of the representatives of Construction, Real estate, Construction Materials, Agriculture, Tourism, Food & Beverage etc.
After achieving the 'Millennium Development Goal (MDG)' successfully, Bangladesh is heading towards achieving the 'Sustainable Development Goal (SDG)', the minister added.
Bangladesh is also transforming from Agriculture based growth to industry-service oriented growth arena. Bangladesh is now one of the fastest growing countries of the world, and will be the 28th strongest economy by 2030, he hoped.
The Minister also said that, country's export growth is increasing very fast which now stands at 38 billion US $. We can reduce the Trade gap with Saudi Arabia by diversifying our export basket and increasing the quantity of export, minister said. This visit of Saudi delegation will further develop the trade and investment between the two friendly countries, he hoped.
Golam Moshi, Bangladesh Ambassador to Saudi Arabia, Kazi M. Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA) and Sheikh Fazle Fahim, First Vice President of FBCCI also spoke on the occasion.
Addressing the meeting FBCCI President Md. Shafiul Islam (Mohiuddin) briefed the delegation on the current economic development of the country. He also mentioned that Bangladesh has developed hugely in infrastructure, communication and some other sectors. The FBCCI Chief mentioned that Saudi Arabia is one of the leading development partners of Bangladesh, particularly through generous hosting of a significant number of Bangladeshi expatriates.  
Mohiuddin said that, Saudi Arabia has become a major source of f financing and economic aid to Bangladesh, and the country has also become an important trade and investment partner.
The FBCCI President expressed his happiness that in the last decade, trade has been gradually increasing and today our total two-way trade stands at US $ 790 million. So far Saudi Arabia has been invested in the banking and Finance sector of Bangladesh, which could be expanded to other potential sectors, Mohiuddin mentioned.
He also invited the Saudi Investors to invest in the EZ's of Bangladesh. The private sector leader mentioned about the 'Memorandum of Understanding (MoU) signed between FBCCI and Council of Saudi Chamber of Commerce and Industry (CSCCI) at Riyadh IN 2005.
Mohiuddin said that, there is a huge market of Bangladesh RMG, Light Engineering products, Furniture, Plastic Goods, Ceramic Products, Frozen Fish, Halal Foods, Footwear and Jute Goods in Saudi Arabia. The visit of Saudi delegation will open a golden era of expanding bilateral trade and investment, the FBCCI President observed.

Tariff
Add Rate

News Archive

Inside The New Nation

City »

Bangladesh Sammilita Peshajibi Parishad formed a human chain in front of the Jatiya Press Club on Wednesday demanding unconditional release and proper treatment of Begum Khaleda Zia.


Editorial »

Public money and gold are not safe, it is a national disgrace


Bangladesh Bank on Tuesday refuted the allegation that one of the gold bars kept in its highly secured vault by the customs department was adulterated. Following a report published by a vernacular daily that quoted Customs Intelligence Investigation Department report, the central bank comes up with the observation that "the ...

Football »

French World Cup victors show triumph of diversity: Obama


AFP, Johannesburg :Former US president Barack Obama on Tuesday singled out the African heritage of many players in France's World Cup-winning football team in a speech paying tribute to Nelson Mandela.Speaking in Johannesburg to mark 100 years since Mandela's birth, Obama said that embracing diversity "delivers practical benefits since it ...

Football »

Maurizio Sarri, the new Chelsea soccer team manager, holds up a jersey during a press conference for his official presentation at Stamford Bridge stadium in London on Wednesday.


Entertainment »

Former supermodel Tapur Chatterji turns entrepreneur


In the ever-changing landscape of contemporary times, there’s more career crossover now than ever before. Granddaughter of veteran film director Hrishikesh Mukherjee, Tapur Chatterji who made a mark as of India’s most formative supermodels in 90’s has recently forayed into design and interiors and launched her own entrepreneur outfit. With ...

International »

Thai cave boys leave hospital ahead of press conference


AFP :Twelve boys and their football coach who survived a highly dangerous and dramatic rescue from a flooded Thai cave were discharged from hospital Wednesday ahead of a press conference where they will tell their incredible story for the first time.An AFP correspondent on the scene saw the team, who ...

Entertainment »

Elnaaz surprised by Salman -Katrina controversy about Sacred Games


Actress Elnaaz Norouzi is surprised that there is a controversy about the characters of Karan Wahi and her in the Netflix series Sacred Games. The characters are alleged to have taken inspiration from real life incidents in Salman Khan and his ex-girlfriend Katrina Kaif's real lives.  "While shooting the episodes, ...

Entertainment »

Vidya Balan is all set to play her first Telugu film!


One can't refute the fact that Vidya Balan is one of the most versatile actresses in Indian Cinema today. The National Award Winning actress has never shied away from going off the beaten track and picking up complex and challenging roles. Needless to say, she has effortlessly nailed them all ...

Football »

Mbappe to donate US $500,000 World Cup winnings to charity


Sports Desk :French teenage sensation Kylian Mbappe will be donating his entire World Cup earnings to a charity that organises sporting events for children with disabilities.The 19-year-old reportedly earned about US$22,300 per game in the tournament and an additional US$350,000 for helping his country lift the World Cup trophy on ...

Editorial »

Trump‘s behaviour in meeting with Putin regarded as disgraceful


US President Donald Trump has defended Russia over claims of interference in the 2016 presidential election. After face-to-face talks with Russian President Vladimir Putin, Mr Trump contradicted US intelligence agencies and said there had been no reason for Russia to meddle in the vote, as per international media reports.Mr Putin ...

City »

BNP Standing Committee member Dr Khondkar Mosharraf Hossain speaking at an opinion sharing meeting on 'Role of Present Election Commission and Blue Print of the Government' organised by Bangladesh Youth Forum at the Jatiya Press Club on Tuesday.


International »

No reason to believe Russia behind election meddling


Reuters, Helsinki :U.S. President Donald Trump emerged from a meeting with Vladimir Putin on Monday saying he saw no reason to believe Russia had hacked the 2016 U.S. presidential election, and the Russian leader "was extremely strong and powerful" in denying it.Trump held his meeting just days after a special ...

International »

US, North Korea hold 'productive' talks on war remains: Pompeo


AP, Seoul :U.S. and North Korean officials held "productive" talks Sunday to discuss the return of U.S. service members' remains missing since the Korean War, U.S. Secretary of State Mike Pompeo said.Pompeo, who was not part of the talks, said in a statement that working level meetings between U.S. and ...

Business & Economy »

American Tony Roma now in Dhaka


Business Desk :America's most favorite ribs & steak chain "Tony Roma's" opened officially in Bangladesh on Monday.The first flagship outlet was launched at the most aristocratic zone in the city, NEB (3B), Road#74, Gulshan-2 in Dhaka. US Ambassador to Bangladesh Marcia Bernicat attended the function as the chief guest.Tony Roma's ...

Editorial »

Govt`s pragmatic step is needed to save Bangladesh from adverse impact of global warming


A RECENT study has shown that Bangladesh is among the countries 'most at risk' as over one billion people in the world are lack of air conditioning and refrigeration to keep them cool and to preserve food and medicines while global warming increasing temperatures. More electricity demand for fridges, fans ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news